Northern Technologies International (NASDAQ:NTIC) Share Price Passes Above 200 Day Moving Average – Here’s Why

Northern Technologies International Corporation (NASDAQ:NTIC) shares passed above its two hundred day moving average during trading on Thursday . The stock has a two hundred day moving average of $8.15 and traded as high as $8.84. Northern Technologies International shares last traded at $8.51, with a volume of 9,251 shares changing hands.

Analysts Set New Price Targets

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

Northern Technologies International Stock Up 3.3%

The company has a current ratio of 1.77, a quick ratio of 1.13 and a debt-to-equity ratio of 0.01. The company has a market capitalization of $80.78 million, a P/E ratio of -212.75 and a beta of 0.18. The firm’s 50 day moving average price is $8.93 and its two-hundred day moving average price is $8.15.

Northern Technologies International (NASDAQ:NTIC) last announced its quarterly earnings data on Thursday, January 8th. The specialty chemicals company reported $0.04 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 business had revenue of $23.31 million during the quarter, compared to the consensus estimate of $22.10 million. Equities research analysts forecast that Northern Technologies International Corporation will post 0.56 EPS for the current year.

Northern Technologies International Announces Dividend

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

Institutional Inflows and Outflows

Large investors have recently bought and sold shares of the stock. Rothschild Wealth LLC bought a new position in shares of Northern Technologies International in the fourth quarter valued at $1,330,000. Needham Investment Management LLC raised its position in Northern Technologies International by 11.4% during the fourth quarter. Needham Investment Management LLC now owns 713,257 shares of the specialty chemicals company’s stock worth $5,585,000 after acquiring an additional 73,257 shares in the last quarter. Peapod Lane Capital LLC lifted its stake in Northern Technologies International by 64.6% in the fourth quarter. Peapod Lane Capital LLC now owns 142,621 shares of the specialty chemicals company’s stock valued at $1,117,000 after acquiring an additional 55,987 shares during the last quarter. Arrowstreet Capital Limited Partnership grew its position in shares of 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 acquiring an additional 48,047 shares during the period. Finally, RBF Capital LLC grew its position in shares of 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 acquiring an additional 40,000 shares during the period. 32.88% of the stock is owned by institutional investors and hedge funds.

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.