Analysts’ Recent Ratings Changes for Northern Technologies International (NTIC)

Several brokerages have updated their recommendations and price targets on shares of Northern Technologies International (NASDAQ: NTIC) in the last few weeks:

  • 5/5/2022 – Northern Technologies International is now covered by analysts at StockNews.com. They set a “hold” rating on the stock.
  • 4/27/2022 – Northern Technologies International is now covered by analysts at StockNews.com. They set a “hold” rating on the stock.
  • 4/26/2022 – Northern Technologies International was downgraded by analysts at Zacks Investment Research from a “hold” rating to a “sell” rating. According to Zacks, “Northern Technologies International Corporation (NTIC) develops and markets proprietary environmentally beneficial products and technical services either directly or via a network of joint ventures and independent distributors in over fifty countries. NTIC’s primary business is corrosion prevention. NTIC has been selling its proprietary ZERUST and EXCOR rust and corrosion inhibiting products and services to the automotive, electronics, electrical, mechanical, military and retail consumer markets. The company’s technical service consultants work directly with the end users of NTIC’s products to analyze their specific needs and develop systems to meet their technical requirements. In addition, NTIC launched a new product line of compounds and finished products based on a portfolio of proprietary bio-plastic technologies under the Natur- Tec brand. NTIC also is in various stages of development with respect to several other emerging businesses. “
  • 4/20/2022 – Northern Technologies International was downgraded by analysts at Zacks Investment Research from a “hold” rating to a “sell” rating. According to Zacks, “Northern Technologies International Corporation (NTIC) develops and markets proprietary environmentally beneficial products and technical services either directly or via a network of joint ventures and independent distributors in over fifty countries. NTIC’s primary business is corrosion prevention. NTIC has been selling its proprietary ZERUST and EXCOR rust and corrosion inhibiting products and services to the automotive, electronics, electrical, mechanical, military and retail consumer markets. The company’s technical service consultants work directly with the end users of NTIC’s products to analyze their specific needs and develop systems to meet their technical requirements. In addition, NTIC launched a new product line of compounds and finished products based on a portfolio of proprietary bio-plastic technologies under the Natur- Tec brand. NTIC also is in various stages of development with respect to several other emerging businesses. “
  • 4/20/2022 – Northern Technologies International was downgraded by analysts at TheStreet from a “b-” rating to a “c+” rating.
  • 4/19/2022 – Northern Technologies International is now covered by analysts at StockNews.com. They set a “hold” rating on the stock.
  • 4/12/2022 – Northern Technologies International was downgraded by analysts at Zacks Investment Research from a “hold” rating to a “sell” rating. According to Zacks, “Northern Technologies International Corporation (NTIC) develops and markets proprietary environmentally beneficial products and technical services either directly or via a network of joint ventures and independent distributors in over fifty countries. NTIC’s primary business is corrosion prevention. NTIC has been selling its proprietary ZERUST and EXCOR rust and corrosion inhibiting products and services to the automotive, electronics, electrical, mechanical, military and retail consumer markets. The company’s technical service consultants work directly with the end users of NTIC’s products to analyze their specific needs and develop systems to meet their technical requirements. In addition, NTIC launched a new product line of compounds and finished products based on a portfolio of proprietary bio-plastic technologies under the Natur- Tec brand. NTIC also is in various stages of development with respect to several other emerging businesses. “
  • 4/11/2022 – Northern Technologies International is now covered by analysts at StockNews.com. They set a “hold” rating on the stock.
  • 4/8/2022 – Northern Technologies International had its price target lowered by analysts at Northland Securities from $24.00 to $18.00.
  • 4/3/2022 – Northern Technologies International is now covered by analysts at StockNews.com. They set a “hold” rating on the stock.
  • 3/26/2022 – Northern Technologies International is now covered by analysts at StockNews.com. They set a “hold” rating on the stock.
  • 3/18/2022 – Northern Technologies International is now covered by analysts at StockNews.com. They set a “hold” rating on the stock.
  • 3/10/2022 – Northern Technologies International was upgraded by analysts at Zacks Investment Research from a “sell” rating to a “hold” rating. According to Zacks, “Northern Technologies International Corporation (NTIC) develops and markets proprietary environmentally beneficial products and technical services either directly or via a network of joint ventures and independent distributors in over fifty countries. NTIC’s primary business is corrosion prevention. NTIC has been selling its proprietary ZERUST and EXCOR rust and corrosion inhibiting products and services to the automotive, electronics, electrical, mechanical, military and retail consumer markets. The company’s technical service consultants work directly with the end users of NTIC’s products to analyze their specific needs and develop systems to meet their technical requirements. In addition, NTIC launched a new product line of compounds and finished products based on a portfolio of proprietary bio-plastic technologies under the Natur- Tec brand. NTIC also is in various stages of development with respect to several other emerging businesses. “
  • 3/10/2022 – Northern Technologies International is now covered by analysts at StockNews.com. They set a “hold” rating on the stock.

NTIC opened at $11.20 on Friday. The stock has a market cap of $103.29 million, a P/E ratio of 13.02 and a beta of 1.04. Northern Technologies International Co. has a 12 month low of $10.56 and a 12 month high of $21.50. The company has a fifty day simple moving average of $12.05 and a 200 day simple moving average of $13.69.

Northern Technologies International (NASDAQ:NTICGet Rating) last announced its quarterly earnings results on Thursday, April 7th. The specialty chemicals company reported $0.04 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.06 by ($0.02). Northern Technologies International had a return on equity of 7.24% and a net margin of 12.73%. During the same period in the prior year, the company earned $0.13 earnings per share. On average, research analysts predict that Northern Technologies International Co. will post 0.43 earnings per share for the current year.

The company also recently declared a quarterly dividend, which will be paid on Wednesday, May 18th. Shareholders of record on Wednesday, May 4th will be paid a $0.07 dividend. This represents a $0.28 annualized dividend and a dividend yield of 2.50%. The ex-dividend date of this dividend is Tuesday, May 3rd. Northern Technologies International’s dividend payout ratio is 32.56%.

A number of institutional investors have recently made changes to their positions in NTIC. Compass Ion Advisors LLC bought a new stake in Northern Technologies International during the 1st quarter worth about $165,000. Meros Investment Management LP bought a new stake in Northern Technologies International during the fourth quarter worth about $2,943,000. Susquehanna International Group LLP acquired a new position in Northern Technologies International during the fourth quarter valued at approximately $401,000. Essex Investment Management Co. LLC grew its stake in Northern Technologies International by 25.3% in 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 purchasing an additional 9,675 shares in the last quarter. Finally, Geode Capital Management LLC increased its position in shares of Northern Technologies International by 8.9% during the 3rd quarter. Geode Capital Management LLC now owns 61,636 shares of the specialty chemicals company’s stock worth $939,000 after purchasing an additional 5,046 shares during the last quarter. 37.86% of the stock is currently owned by institutional investors and hedge funds.

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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