Northern Technologies International (NASDAQ:NTIC) Upgraded by Wall Street Zen to “Hold” Rating

Northern Technologies International (NASDAQ:NTIC) was upgraded by research analysts at Wall Street Zen from a “sell” rating to a “hold” rating in a research report issued to clients and investors on Saturday.

Northern Technologies International Trading Down 1.6%

Shares of NASDAQ:NTIC opened at $7.76 on Friday. Northern Technologies International has a 12-month low of $6.75 and a 12-month high of $15.09. The company has a market capitalization of $73.49 million, a PE ratio of 25.87 and a beta of 0.30. The business has a 50 day moving average of $7.75 and a two-hundred day moving average of $8.29.

Northern Technologies International (NASDAQ:NTIC) last announced its earnings results on Thursday, July 10th. The specialty chemicals company reported $0.02 earnings per share for the quarter, missing the consensus estimate of $0.04 by ($0.02). The business had revenue of $21.51 million for the quarter, compared to analyst estimates of $20.70 million. Northern Technologies International had a return on equity of 3.38% and a net margin of 3.46%.During the same period in the previous year, the company earned $0.11 earnings per share. Equities research analysts predict that Northern Technologies International will post 0.56 earnings per share for the current fiscal year.

Institutional Trading of Northern Technologies International

Large investors have recently added to or reduced their stakes in the stock. Osaic Holdings Inc. boosted its stake in Northern Technologies International by 1,124.1% during the second quarter. Osaic Holdings Inc. now owns 3,501 shares of the specialty chemicals company’s stock worth $26,000 after buying an additional 3,215 shares during the period. Jane Street Group LLC purchased a new position in Northern Technologies International during the second quarter worth about $190,000. RBF Capital LLC boosted its stake in Northern Technologies International by 164.0% during the second quarter. RBF Capital LLC now owns 64,390 shares of the specialty chemicals company’s stock worth $477,000 after buying an additional 40,000 shares during the period. Qube Research & Technologies Ltd purchased a new position in Northern Technologies International during the second quarter worth about $88,000. Finally, Arrowstreet Capital Limited Partnership purchased a new position in Northern Technologies International during the 2nd quarter valued at about $130,000. 32.88% of the stock is currently owned by hedge funds and other institutional investors.

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.