Northern Technologies International (NASDAQ:NTIC) Stock Price Passes Above Two Hundred Day Moving Average – What’s Next?

Northern Technologies International Corporation (NASDAQ:NTIC) passed above its two hundred day moving average during trading on Wednesday . The stock has a two hundred day moving average of $7.93 and traded as high as $8.69. Northern Technologies International shares last traded at $8.56, with a volume of 2,693 shares.

Analyst Upgrades and Downgrades

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

Northern Technologies International Stock Performance

The stock has a market capitalization of $81.23 million, a P/E ratio of -214.00 and a beta of 0.21. The stock has a 50 day simple moving average of $8.42 and a two-hundred day simple moving average of $7.93. The company has a quick ratio of 1.13, a current ratio of 1.77 and a debt-to-equity ratio of 0.01.

Northern Technologies International (NASDAQ:NTIC) last announced its quarterly earnings data 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 company had revenue of $23.31 million for the quarter, compared to the consensus estimate of $22.10 million. On average, equities analysts forecast that Northern Technologies International Corporation will post 0.56 EPS for the current fiscal year.

Northern Technologies International Dividend Announcement

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

Institutional Investors Weigh In On Northern Technologies International

A number of institutional investors and hedge funds have recently modified their holdings of the company. Osaic Holdings Inc. grew its holdings 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 purchasing an additional 3,215 shares during the period. Qube Research & Technologies Ltd acquired a new stake in shares of Northern Technologies International in the second quarter valued at approximately $88,000. Arrowstreet Capital Limited Partnership acquired a new stake in shares of Northern Technologies International in the second quarter valued at approximately $130,000. Squarepoint Ops LLC boosted its stake in shares of Northern Technologies International by 57.5% during the 3rd quarter. Squarepoint Ops LLC now owns 23,011 shares of the specialty chemicals company’s stock worth $177,000 after acquiring an additional 8,401 shares during the period. Finally, PNC Financial Services Group Inc. boosted its stake in shares of Northern Technologies International by 20.0% during the 2nd quarter. PNC Financial Services Group Inc. now owns 24,000 shares of the specialty chemicals company’s stock worth $178,000 after acquiring an additional 4,000 shares during the period. 32.88% of the stock is owned by 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.