Northern Technologies International (NASDAQ:NTIC) PT Raised to $20.00

Northern Technologies International (NASDAQ:NTIC) had its price objective raised by analysts at Northland Securities from $19.00 to $20.00 in a research report issued on Friday, Benzinga reports. The brokerage presently has an “outperform” rating on the specialty chemicals company’s stock. Northland Securities’ price objective indicates a potential upside of 44.40% from the stock’s previous close.

NTIC has been the topic of a number of other reports. StockNews.com raised shares of Northern Technologies International from a “hold” rating to a “buy” rating in a research note on Tuesday, April 9th. TheStreet raised shares of Northern Technologies International from a “c+” rating to a “b-” rating in a report on Tuesday, February 27th.

Northern Technologies International Stock Up 0.7 %

NASDAQ NTIC opened at $13.85 on Friday. The stock’s 50-day simple moving average is $13.46 and its two-hundred day simple moving average is $12.55. Northern Technologies International has a twelve month low of $10.08 and a twelve month high of $14.97. The company has a market capitalization of $130.61 million, a price-to-earnings ratio of 26.64 and a beta of 0.73.

Northern Technologies International (NASDAQ:NTIC) last announced its quarterly earnings data on Thursday, January 11th. The specialty chemicals company reported $0.10 EPS for the quarter, missing the consensus estimate of $0.18 by ($0.08). The firm had revenue of $20.18 million for the quarter, compared to the consensus estimate of $21.00 million. Northern Technologies International had a net margin of 6.12% and a return on equity of 6.72%. During the same quarter last year, the company posted $0.06 earnings per share. On average, equities analysts expect that Northern Technologies International will post 0.75 earnings per share for the current fiscal year.

Institutional Trading of Northern Technologies International

Hedge funds and other institutional investors have recently bought and sold shares of the stock. Meros Investment Management LP grew its holdings in Northern Technologies International by 7.3% in the 1st quarter. Meros Investment Management LP now owns 206,479 shares of the specialty chemicals company’s stock worth $2,481,000 after acquiring an additional 14,119 shares during the last quarter. State Street Corp boosted its holdings in shares of Northern Technologies International by 15.0% during the first 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 during the period. Salem Investment Counselors Inc. grew its stake in shares of Northern Technologies International by 234.7% in the second quarter. Salem Investment Counselors Inc. now owns 3,708 shares of the specialty chemicals company’s stock worth $35,000 after purchasing an additional 2,600 shares during the last quarter. Dimensional Fund Advisors LP increased its holdings in Northern Technologies International by 0.9% during the 4th quarter. Dimensional Fund Advisors LP now owns 340,233 shares of the specialty chemicals company’s stock valued at $4,528,000 after purchasing an additional 3,089 shares during the period. Finally, Geode Capital Management LLC raised its position in Northern Technologies International by 1.6% during the 4th quarter. Geode Capital Management LLC now owns 63,719 shares of the specialty chemicals company’s stock valued at $848,000 after purchasing an additional 977 shares during the last quarter. Institutional investors own 32.88% of the company’s stock.

Northern Technologies International Company Profile

Northern Technologies International Corporation develops and markets rust and corrosion inhibiting solutions 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.