Northern Technologies International (NASDAQ:NTIC) Upgraded at Zacks Research

Zacks Research upgraded shares of Northern Technologies International (NASDAQ:NTIC) from a strong sell rating to a hold rating in a research report sent to investors on Monday,Zacks.com reports.

Several other equities analysts have also recently weighed in on NTIC. Wall Street Zen upgraded Northern Technologies International to a “hold” rating in a research note on Saturday, January 10th. Weiss Ratings restated a “sell (d)” rating on shares of Northern Technologies International in a report on Monday, December 29th. One research analyst has rated the stock with a Hold rating and one has given a Sell rating to the company. Based on data from MarketBeat, the stock currently has a consensus rating of “Reduce”.

Northern Technologies International Stock Up 0.1%

Shares of NASDAQ NTIC opened at $9.07 on Monday. The company has a debt-to-equity ratio of 0.01, a current ratio of 1.77 and a quick ratio of 1.13. The company has a 50-day moving average price of $7.98 and a 200-day moving average price of $7.84. The stock has a market capitalization of $86.07 million, a P/E ratio of -226.75 and a beta of 0.15. Northern Technologies International has a 1 year low of $6.75 and a 1 year high of $12.74.

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

Northern Technologies International Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Wednesday, February 11th. Stockholders of record on Wednesday, January 28th will be paid a dividend of $0.01 per share. The ex-dividend date is Wednesday, January 28th. This represents a $0.04 annualized dividend and a dividend yield of 0.4%. Northern Technologies International’s dividend payout ratio (DPR) is presently -100.00%.

Institutional Trading of Northern Technologies International

Large investors have recently bought and sold shares of the company. Citadel Advisors LLC lifted its position in shares of Northern Technologies International by 35.1% during the 3rd quarter. Citadel Advisors LLC now owns 59,085 shares of the specialty chemicals company’s stock valued at $456,000 after buying an additional 15,351 shares during the last quarter. Squarepoint Ops LLC boosted its holdings in Northern Technologies International by 57.5% in the 3rd quarter. Squarepoint Ops LLC now owns 23,011 shares of the specialty chemicals company’s stock worth $177,000 after buying an additional 8,401 shares during the period. Arrowstreet Capital Limited Partnership grew 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 in the last quarter. Peapod Lane Capital LLC raised its holdings in Northern Technologies International by 32.0% during the 3rd quarter. Peapod Lane Capital LLC now owns 86,634 shares of the specialty chemicals company’s stock valued at $668,000 after acquiring an additional 21,023 shares during the period. Finally, GSA Capital Partners LLP purchased a new position in shares of Northern Technologies International in the third quarter valued at $214,000. 32.88% of the stock is owned by hedge funds and other institutional investors.

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.