Northern Technologies International (NASDAQ:NTIC) Shares Cross Above 200-Day Moving Average – Should You Sell?

Northern Technologies International Corporation (NASDAQ:NTIC) shares passed above its two hundred day moving average during trading on Friday . The stock has a two hundred day moving average of $8.19 and traded as high as $8.40. Northern Technologies International shares last traded at $8.26, with a volume of 4,943 shares changing hands.

Analyst Ratings Changes

A number of brokerages recently commented on NTIC. Zacks Research upgraded shares of Northern Technologies International from a “strong sell” rating to a “hold” rating in a research note on Monday, January 19th. Wall Street Zen raised Northern Technologies International to a “hold” rating in a report on Saturday, January 10th. Finally, Weiss Ratings reaffirmed a “sell (d)” rating on shares of Northern Technologies International in a research report on Monday, December 29th. One equities research analyst has rated the stock with a Hold rating and one has given a Sell rating to the company’s stock. According to MarketBeat.com, the company presently has an average rating of “Reduce”.

Northern Technologies International Trading Down 1.7%

The business has a 50-day moving average of $8.83 and a 200-day moving average of $8.19. The stock has a market capitalization of $78.39 million, a price-to-earnings ratio of -206.50 and a beta of 0.18. The company has a debt-to-equity ratio of 0.01, a quick ratio of 1.13 and a current ratio of 1.77.

Northern Technologies International (NASDAQ:NTIC) last released its quarterly earnings results on Thursday, January 8th. The specialty chemicals company reported $0.04 EPS for the quarter, missing the consensus estimate of $0.05 by ($0.01). The firm had revenue of $23.31 million for the quarter, compared to analyst estimates of $22.10 million. Northern Technologies International had a negative return on equity of 0.44% and a negative net margin of 0.35%. As a group, research analysts forecast that Northern Technologies International Corporation will post 0.56 EPS for the current year.

Northern Technologies International Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Wednesday, February 11th. Stockholders of record on Wednesday, January 28th were paid a dividend of $0.01 per share. The ex-dividend date was Wednesday, January 28th. This represents a $0.04 annualized dividend and a dividend yield of 0.5%. Northern Technologies International’s dividend payout ratio is -100.00%.

Hedge Funds Weigh In On Northern Technologies International

Several institutional investors have recently added to or reduced their stakes in the stock. Rothschild Wealth LLC purchased a new stake in shares of Northern Technologies International during the fourth quarter worth approximately $1,330,000. Needham Investment Management LLC grew its position in Northern Technologies International by 11.4% in the 4th quarter. Needham Investment Management LLC now owns 713,257 shares of the specialty chemicals company’s stock valued at $5,585,000 after buying an additional 73,257 shares during the last quarter. Peapod Lane Capital LLC grew its position in Northern Technologies International by 64.6% in the 4th quarter. Peapod Lane Capital LLC now owns 142,621 shares of the specialty chemicals company’s stock valued at $1,117,000 after buying an additional 55,987 shares during the last quarter. Arrowstreet Capital Limited Partnership increased its stake in Northern Technologies International by 274.0% in the 3rd quarter. Arrowstreet Capital Limited Partnership now owns 65,581 shares of the specialty chemicals company’s stock valued at $506,000 after buying an additional 48,047 shares during the period. Finally, RBF Capital LLC increased its stake in Northern Technologies International by 164.0% in the 2nd quarter. RBF Capital LLC now owns 64,390 shares of the specialty chemicals company’s stock valued at $477,000 after buying an additional 40,000 shares during the period. Institutional investors and hedge funds own 32.88% of the company’s stock.

Northern Technologies International Company Profile

Northern Technologies International Corporation (NASDAQ: NTIC) is a Minnesota‐based specialty chemical company that develops, manufactures and markets environmentally responsible corrosion prevention and metal surface treatment products. The company’s solutions include volatile corrosion inhibitor (VCI) films, emitters, powders and liquids designed to protect ferrous and non‐ferrous metals in industrial, aerospace, defense, electronics and automotive applications. In addition, NTIC offers packaging materials, engineered coatings and specialty pretreatment chemicals that meet stringent environmental regulations while extending equipment life and reducing maintenance costs.

NTIC serves a diversified global customer base, including metal fabricators, automotive suppliers, electronics manufacturers and oil and gas producers.