StockNews.com Initiates Coverage on Northern Technologies International (NASDAQ:NTIC)

StockNews.com started coverage on shares of Northern Technologies International (NASDAQ:NTICGet Rating) in a research note issued on Monday. The brokerage set a “hold” rating on the specialty chemicals company’s stock.

A number of other analysts have also recently commented on the stock. Zacks Investment Research upgraded shares of Northern Technologies International from a “sell” rating to a “hold” rating in a research note on Thursday, March 10th. Northland Securities dropped their price target on shares of Northern Technologies International from $24.00 to $18.00 in a research note on Friday. Finally, TheStreet upgraded shares of Northern Technologies International from a “c+” rating to a “b-” rating in a research note on Friday, March 4th.

NTIC opened at $11.98 on Monday. The stock has a market capitalization of $110.25 million, a PE ratio of 13.93 and a beta of 1.08. Northern Technologies International has a twelve month low of $11.59 and a twelve month high of $21.50. The company has a 50-day moving average of $12.82.

Northern Technologies International (NASDAQ:NTICGet Rating) last released its earnings results on Thursday, April 7th. The specialty chemicals company reported $0.04 earnings per share for the quarter, missing the Zacks’ consensus estimate of $0.06 by ($0.02). Northern Technologies International had a net margin of 12.73% and a return on equity of 7.31%. During the same quarter in the previous year, the firm earned $0.13 earnings per share. As a group, equities research analysts predict that Northern Technologies International will post 0.71 earnings per share for the current fiscal year.

In other news, Director Sarah E. Kemp bought 2,012 shares of the firm’s stock in a transaction that occurred on Wednesday, January 12th. The shares were acquired at an average price of $14.91 per share, with a total value of $29,998.92. The acquisition was disclosed in a filing with the SEC, which is available at the SEC website. Corporate insiders own 20.90% of the company’s stock.

A number of institutional investors have recently bought and sold shares of the stock. Meros Investment Management LP bought a new stake in Northern Technologies International during the 4th quarter worth approximately $2,943,000. Susquehanna International Group LLP bought a new position in shares of Northern Technologies International in the 4th quarter worth $401,000. Essex Investment Management Co. LLC increased its holdings in shares of Northern Technologies International by 25.3% in the 4th quarter. Essex Investment Management Co. LLC now owns 47,980 shares of the specialty chemicals company’s stock worth $734,000 after buying an additional 9,675 shares during the last quarter. Geode Capital Management LLC increased its holdings in shares of Northern Technologies International by 8.9% in the 3rd quarter. Geode Capital Management LLC now owns 61,636 shares of the specialty chemicals company’s stock worth $939,000 after buying an additional 5,046 shares during the last quarter. Finally, Barclays PLC increased its holdings in shares of Northern Technologies International by 521.3% in the 3rd quarter. Barclays PLC now owns 2,013 shares of the specialty chemicals company’s stock worth $31,000 after buying an additional 1,689 shares during the last quarter. 35.40% of the stock is currently owned by institutional investors and hedge funds.

About Northern Technologies International (Get Rating)

Northern Technologies International Corp. engages in the development and market of proprietary environmentally beneficial products and technical services. It operates through the Natur-Tec and Zerust segments. The Natur-Tec segment manufactures bio-degradable and bio-based plastics for industrial and consumer applications.

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