Northern Technologies International (NASDAQ:NTIC) Stock Crosses Above Two Hundred Day Moving Average – Here’s What Happened

Northern Technologies International Corporation (NASDAQ:NTIC) shares crossed above its 200-day moving average during trading on Wednesday . The stock has a 200-day moving average of $7.88 and traded as high as $9.36. Northern Technologies International shares last traded at $9.01, with a volume of 4,698 shares traded.

Wall Street Analyst Weigh In

Several equities research analysts have commented on the company. Wall Street Zen upgraded Northern Technologies International to a “hold” rating in a research note on Saturday, January 10th. Zacks Research raised Northern Technologies International from a “strong sell” rating to a “hold” rating in a research note on Monday, January 19th. Finally, Weiss Ratings reiterated a “sell (d)” rating on shares of Northern Technologies International in a research report on Monday, December 29th. One analyst has rated the stock with a Hold rating and one has issued a Sell rating to the stock. Based on data from MarketBeat.com, the stock has a consensus rating of “Reduce”.

Northern Technologies International Trading Down 1.1%

The company has a quick ratio of 1.13, a current ratio of 1.77 and a debt-to-equity ratio of 0.01. The company’s 50-day moving average is $8.14 and its 200-day moving average is $7.88. The stock has a market capitalization of $85.50 million, a price-to-earnings ratio of -225.25 and a beta of 0.15.

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 (EPS) for the quarter, missing analysts’ consensus estimates of $0.05 by ($0.01). Northern Technologies International had a negative return on equity of 0.44% and a negative net margin of 0.35%.The firm had revenue of $23.31 million for the quarter, compared to analyst estimates of $22.10 million. Research analysts anticipate that Northern Technologies International Corporation will post 0.56 earnings per share for the current fiscal year.

Northern Technologies International Dividend Announcement

The firm 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 $0.01 dividend. This represents a $0.04 annualized dividend and a dividend yield of 0.4%. The ex-dividend date of this dividend is Wednesday, January 28th. Northern Technologies International’s dividend payout ratio is -100.00%.

Institutional Trading of Northern Technologies International

Institutional investors and hedge funds have recently bought and sold shares of 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. Qube Research & Technologies Ltd purchased a new position in shares of Northern Technologies International during the 2nd quarter worth approximately $88,000. Arrowstreet Capital Limited Partnership acquired a new stake in Northern Technologies International in the 2nd quarter valued at approximately $130,000. Squarepoint Ops LLC raised its position in Northern Technologies International by 57.5% in the third quarter. Squarepoint Ops LLC now owns 23,011 shares of the specialty chemicals company’s stock valued at $177,000 after purchasing an additional 8,401 shares during the period. Finally, PNC Financial Services Group Inc. raised its position in Northern Technologies International by 20.0% in the second quarter. PNC Financial Services Group Inc. now owns 24,000 shares of the specialty chemicals company’s stock valued at $178,000 after purchasing an additional 4,000 shares during the period. 32.88% of the stock is currently owned by hedge funds and other institutional investors.

About Northern Technologies International

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.