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

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

A number of other brokerages also recently weighed in on NTIC. TheStreet downgraded shares of Northern Technologies International from a “b-” rating to a “c+” rating in a report on Wednesday, April 20th. Zacks Investment Research cut shares of Northern Technologies International from a “hold” rating to a “sell” rating in a research note on Tuesday, April 26th. Finally, Northland Securities dropped their price objective on shares of Northern Technologies International from $24.00 to $18.00 in a research note on Friday, April 8th.

Shares of Northern Technologies International stock opened at $10.54 on Friday. Northern Technologies International has a fifty-two week low of $10.02 and a fifty-two week high of $21.50. The firm has a fifty day moving average price of $11.65 and a two-hundred day moving average price of $13.31. The company has a market cap of $97.20 million, a PE ratio of 12.26 and a beta of 1.04.

Northern Technologies International (NASDAQ:NTICGet Rating) last issued its quarterly earnings results on Thursday, April 7th. The specialty chemicals company reported $0.04 earnings per share 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%. The company had revenue of $16.75 million during the quarter, compared to the consensus estimate of $17.60 million. During the same period last year, the company earned $0.13 earnings per share. As a group, analysts forecast that Northern Technologies International will post 0.43 earnings per share for the current year.

Hedge funds have recently made changes to their positions in the company. Barclays PLC raised its stake 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 valued at $31,000 after buying an additional 1,689 shares in the last quarter. Compass Ion Advisors LLC acquired a new stake in shares of Northern Technologies International during the 1st quarter worth about $165,000. State Street Corp increased its position in shares of Northern Technologies International by 15.0% during the 1st quarter. State Street Corp now owns 19,227 shares of the specialty chemicals company’s stock worth $231,000 after purchasing an additional 2,512 shares in the last quarter. Susquehanna International Group LLP acquired a new stake in shares of Northern Technologies International during the 4th quarter worth about $401,000. Finally, Essex Investment Management Co. LLC increased its position in shares of Northern Technologies International by 2.5% during the 1st quarter. Essex Investment Management Co. LLC now owns 49,181 shares of the specialty chemicals company’s stock worth $591,000 after purchasing an additional 1,201 shares in the last quarter. Institutional investors own 37.86% of the company’s stock.

Northern Technologies International Company Profile (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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