Northern Technologies International Co. (NASDAQ:NTIC – Get Free Report) Director Sarah E. Kemp acquired 1,275 shares of the company’s stock in a transaction on Tuesday, April 23rd. The stock was acquired at an average cost of $15.70 per share, with a total value of $20,017.50. Following the completion of the purchase, the director now directly owns 5,760 shares in the company, valued at $90,432. The purchase was disclosed in a filing with the SEC, which is available at this link.
Northern Technologies International Price Performance
NASDAQ:NTIC traded up $1.12 during trading hours on Wednesday, hitting $17.35. 91,505 shares of the company were exchanged, compared to its average volume of 19,327. The company’s 50 day moving average price is $13.79 and its 200-day moving average price is $12.67. The stock has a market capitalization of $163.61 million, a price-to-earnings ratio of 31.21 and a beta of 0.73. Northern Technologies International Co. has a 52-week low of $10.08 and a 52-week high of $17.55.
Northern Technologies International Announces Dividend
The firm also recently disclosed a quarterly dividend, which will be paid on Wednesday, May 15th. Stockholders of record on Wednesday, May 1st will be issued a $0.07 dividend. This represents a $0.28 annualized dividend and a dividend yield of 1.61%. The ex-dividend date of this dividend is Tuesday, April 30th. Northern Technologies International’s dividend payout ratio (DPR) is currently 53.85%.
Institutional Trading of Northern Technologies International
Analyst Ratings Changes
Several equities research analysts have recently commented on NTIC shares. TheStreet upgraded shares of Northern Technologies International from a “c+” rating to a “b-” rating in a report on Tuesday, February 27th. Northland Securities boosted their price target on shares of Northern Technologies International from $19.00 to $20.00 and gave the company an “outperform” rating in a report on Friday, April 12th. Finally, StockNews.com upgraded shares of Northern Technologies International from a “hold” rating to a “buy” rating in a report on Tuesday, April 9th.
Read Our Latest Analysis on Northern Technologies International
Northern Technologies International Company Profile
Northern Technologies International Corporation develops and markets rust and corrosion inhibiting solutions in North America, South America, Europe, Asia, the Middle East and internationally. It offers rust and corrosion inhibiting products, such as plastic and paper packaging, liquids, coatings, rust removers, cleaners, diffusers, and engineered solutions designed for the oil and gas industry under the ZERUST brand.
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