Northern Technologies International (NASDAQ:NTIC) Coverage Initiated by Analysts at StockNews.com

StockNews.com assumed coverage on shares of Northern Technologies International (NASDAQ:NTIC – Get Rating) in a research report issued to clients and investors on Thursday. The brokerage set a “hold” rating on the specialty chemicals company’s stock.

Other equities analysts have also recently issued reports about the company. TheStreet cut Northern Technologies International from a “b-” rating to a “c+” rating in a report on Wednesday, April 20th. Northland Securities cut their price target on Northern Technologies International from $24.00 to $18.00 in a report on Friday, April 8th. Finally, Zacks Investment Research cut Northern Technologies International from a “hold” rating to a “sell” rating in a report on Tuesday, April 26th.

Shares of NTIC opened at $11.10 on Thursday. Northern Technologies International has a 1-year low of $10.56 and a 1-year high of $21.50. The stock has a market cap of $102.36 million, a price-to-earnings ratio of 12.91 and a beta of 1.04. The firm has a 50 day simple moving average of $12.08 and a 200-day simple moving average of $13.71.

Northern Technologies International (NASDAQ:NTIC – Get Rating) last announced its earnings results on Thursday, April 7th. The specialty chemicals company reported $0.04 EPS for the quarter, missing analysts’ consensus estimates of $0.06 by ($0.02). Northern Technologies International had a net margin of 12.73% and a return on equity of 7.24%. During the same period last year, the firm posted $0.13 EPS. On average, equities analysts expect that Northern Technologies International will post 0.43 earnings per share for the current year.

Institutional investors have recently added to or reduced their stakes in the stock. Barclays PLC increased its stake in Northern Technologies International by 521.3% in the third quarter. Barclays PLC now owns 2,013 shares of the specialty chemicals company’s stock valued at $31,000 after purchasing an additional 1,689 shares during the last quarter. Compass Ion Advisors LLC acquired a new position in Northern Technologies International in the first quarter valued at $165,000. PNC Financial Services Group Inc. purchased a new stake in Northern Technologies International during the third quarter valued at about $304,000. Susquehanna International Group LLP purchased a new stake in Northern Technologies International during the fourth quarter valued at about $401,000. Finally, Essex Investment Management Co. LLC grew its position in Northern Technologies International by 25.3% during the fourth quarter. Essex Investment Management Co. LLC now owns 47,980 shares of the specialty chemicals company’s stock valued at $734,000 after acquiring an additional 9,675 shares during the period. Hedge funds and other institutional investors own 37.86% of the company’s stock.

About Northern Technologies International (Get Rating)

Northern Technologies International Corporation develops and markets rust and corrosion inhibiting products and services in North America, South America, Europe, Asia, the Middle East and internationally. It offers rust and corrosion inhibiting products, such as plastic and paper packaging, liquids, coatings, rust removers, cleaners, diffusers, and engineered solutions designed for the oil and gas industry under the ZERUST brand.

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