ValuEngine upgraded shares of Northern Technologies International Corporation (NASDAQ:NTIC) from a hold rating to a buy rating in a report issued on Monday morning.

Shares of Northern Technologies International Corporation (NASDAQ:NTIC) opened at $20.01 on Monday. The company has a market capitalization of $91.98, a PE ratio of 26.67 and a beta of 1.36. Northern Technologies International Corporation has a twelve month low of $12.55 and a twelve month high of $21.66.

Northern Technologies International Corporation (NASDAQ:NTIC) last posted its quarterly earnings results on Monday, November 20th. The specialty chemicals company reported $0.30 EPS for the quarter. The business had revenue of $10.90 million for the quarter. Northern Technologies International Corporation had a return on equity of 7.22% and a net margin of 8.65%. equities analysts anticipate that Northern Technologies International Corporation will post 1.13 EPS for the current fiscal year.

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The firm also recently declared a quarterly dividend, which will be paid on Thursday, December 21st. Shareholders of record on Friday, December 8th will be issued a dividend of $0.10 per share. The ex-dividend date of this dividend is Thursday, December 7th. This represents a $0.40 dividend on an annualized basis and a yield of 2.00%.

A number of large investors have recently bought and sold shares of NTIC. Vanguard Group Inc. raised its holdings in Northern Technologies International Corporation by 37.5% during the second quarter. Vanguard Group Inc. now owns 103,839 shares of the specialty chemicals company’s stock valued at $1,656,000 after acquiring an additional 28,300 shares during the period. Essex Investment Management Co. LLC bought a new stake in Northern Technologies International Corporation during the third quarter valued at about $381,000. Quantum Capital Management purchased a new position in shares of Northern Technologies International Corporation during the third quarter valued at about $305,000. Renaissance Technologies LLC grew its position in shares of Northern Technologies International Corporation by 20.8% during the first quarter. Renaissance Technologies LLC now owns 20,300 shares of the specialty chemicals company’s stock valued at $370,000 after purchasing an additional 3,500 shares in the last quarter. Finally, Dimensional Fund Advisors LP grew its position in shares of Northern Technologies International Corporation by 0.6% during the second quarter. Dimensional Fund Advisors LP now owns 144,596 shares of the specialty chemicals company’s stock valued at $2,306,000 after purchasing an additional 800 shares in the last quarter. 26.04% of the stock is currently owned by institutional investors and hedge funds.

About Northern Technologies International Corporation

Northern Technologies International Corporation develops and markets environmentally beneficial products and services. The Company’s primary business is corrosion prevention marketed mainly under ZERUST and EXCOR brands (collectively ZERUST). The Company’s segments include ZERUST and Natur-Tec. The Company is engaged in selling its ZERUST products and services to the automotive, electronics, electrical, mechanical, military and retail consumer markets.

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