Northern Technologies International (NASDAQ:NTIC) Research Coverage Started at StockNews.com

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

A number of other analysts have also issued reports on the stock. Zacks Investment Research lowered shares of Northern Technologies International from a “hold” rating to a “sell” rating in a research note on Tuesday, April 26th. TheStreet lowered shares of Northern Technologies International from a “b-” rating to a “c+” rating in a research note on Wednesday, April 20th. Finally, Northland Securities lowered their target price on shares of Northern Technologies International from $24.00 to $18.00 in a research note on Friday, April 8th.

Shares of NTIC opened at $10.30 on Friday. The company’s fifty day moving average is $11.86 and its 200 day moving average is $13.49. Northern Technologies International has a fifty-two week low of $10.05 and a fifty-two week high of $21.50. The stock has a market capitalization of $94.99 million, a PE ratio of 11.98 and a beta of 1.04.

Northern Technologies International (NASDAQ:NTIC – Get Rating) last announced its quarterly earnings results on Thursday, April 7th. The specialty chemicals company reported $0.04 earnings per share 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 quarter in the prior year, the firm posted $0.13 earnings per share. Analysts anticipate that Northern Technologies International will post 0.43 earnings per share for the current year.

Institutional investors have recently modified their holdings of the stock. Essex Investment Management Co. LLC boosted its position in shares of Northern Technologies International by 2.5% during the first quarter. Essex Investment Management Co. LLC now owns 49,181 shares of the specialty chemicals company’s stock worth $591,000 after buying an additional 1,201 shares during the period. Barclays PLC boosted its holdings 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 period. Geode Capital Management LLC boosted its holdings in Northern Technologies International by 8.9% in the third quarter. Geode Capital Management LLC now owns 61,636 shares of the specialty chemicals company’s stock valued at $939,000 after purchasing an additional 5,046 shares during the period. Compass Ion Advisors LLC purchased a new position in Northern Technologies International in the first quarter valued at $165,000. Finally, PNC Financial Services Group Inc. purchased a new position in Northern Technologies International in the third quarter valued at $304,000. 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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