Northern Technologies International (NASDAQ:NTIC) Shares Pass Above 200-Day Moving Average – Time to Sell?

Northern Technologies International Corporation (NASDAQ:NTIC) crossed above its 200-day moving average during trading on Tuesday . The stock has a 200-day moving average of $8.32 and traded as high as $8.35. Northern Technologies International shares last traded at $8.25, with a volume of 3,799 shares trading hands.

Wall Street Analysts Forecast Growth

A number of equities analysts recently issued reports on NTIC shares. Zacks Research upgraded shares of Northern Technologies International from a “strong sell” rating to a “hold” rating in a report on Tuesday, June 9th. Weiss Ratings reaffirmed a “sell (d)” rating on shares of Northern Technologies International in a research report on Friday, March 27th. One equities research analyst has rated the stock with a Hold rating and one has assigned a Sell rating to the company. According to data from MarketBeat.com, the stock currently has an average rating of “Reduce”.

Northern Technologies International Stock Performance

The business has a fifty day simple moving average of $8.02 and a 200-day simple moving average of $8.32. The company has a quick ratio of 1.15, a current ratio of 1.81 and a debt-to-equity ratio of 0.01. The firm has a market cap of $78.29 million, a P/E ratio of -103.12 and a beta of 0.19.

Northern Technologies International (NASDAQ:NTIC) last announced its quarterly earnings data on Thursday, April 9th. The specialty chemicals company reported $0.01 EPS for the quarter, missing the consensus estimate of $0.02 by ($0.01). Northern Technologies International had a negative net margin of 0.87% and a positive return on equity of 0.05%. The firm had revenue of $22.00 million for the quarter, compared to analysts’ expectations of $21.10 million. On average, sell-side analysts predict that Northern Technologies International Corporation will post 0.15 EPS for the current fiscal year.

Institutional Inflows and Outflows

A number of large investors have recently bought and sold shares of NTIC. Osaic Holdings Inc. grew its position in Northern Technologies International by 1,124.1% during the 2nd quarter. Osaic Holdings Inc. now owns 3,501 shares of the specialty chemicals company’s stock valued at $26,000 after purchasing an additional 3,215 shares during the last quarter. Squarepoint Ops LLC raised its holdings in Northern Technologies International by 57.5% in the third quarter. Squarepoint Ops LLC now owns 23,011 shares of the specialty chemicals company’s stock worth $177,000 after buying an additional 8,401 shares during the last quarter. Jane Street Group LLC raised its holdings in Northern Technologies International by 72.4% in the fourth quarter. Jane Street Group LLC now owns 27,302 shares of the specialty chemicals company’s stock worth $214,000 after buying an additional 11,470 shares during the last quarter. Qube Research & Technologies Ltd purchased a new position in Northern Technologies International in the second quarter worth about $88,000. Finally, XTX Topco Ltd bought a new position in shares of Northern Technologies International in the fourth quarter worth approximately $96,000. 32.88% of the stock is owned by hedge funds and other institutional investors.

About Northern Technologies International

Northern Technologies International Corporation (NASDAQ: NTIC) is a Minnesota‐based specialty chemical company that develops, manufactures and markets environmentally responsible corrosion prevention and metal surface treatment products. The company’s solutions include volatile corrosion inhibitor (VCI) films, emitters, powders and liquids designed to protect ferrous and non‐ferrous metals in industrial, aerospace, defense, electronics and automotive applications. In addition, NTIC offers packaging materials, engineered coatings and specialty pretreatment chemicals that meet stringent environmental regulations while extending equipment life and reducing maintenance costs.

NTIC serves a diversified global customer base, including metal fabricators, automotive suppliers, electronics manufacturers and oil and gas producers.