Northern Technologies International (NASDAQ:NTIC) Cut to “Hold” at StockNews.com

Northern Technologies International (NASDAQ:NTIC) was downgraded by stock analysts at StockNews.com from a “buy” rating to a “hold” rating in a research report issued to clients and investors on Wednesday.

A number of other analysts have also commented on NTIC. Northland Securities boosted their price objective on shares of Northern Technologies International from $19.00 to $20.00 and gave the stock an “outperform” rating in a research report on Friday, April 12th. TheStreet raised shares of Northern Technologies International from a “c+” rating to a “b-” rating in a research report on Tuesday, February 27th.

Northern Technologies International Stock Up 6.9 %

Shares of NTIC stock traded up $1.12 during trading on Wednesday, reaching $17.35. The company’s stock had a trading volume of 91,505 shares, compared to its average volume of 19,327. The business has a fifty day moving average price of $13.86 and a 200-day moving average price of $12.70. The company has a market cap of $163.61 million, a price-to-earnings ratio of 33.37 and a beta of 0.73. Northern Technologies International has a one year low of $10.08 and a one year high of $17.55.

Hedge Funds Weigh In On Northern Technologies International

Large investors have recently modified their holdings of the stock. CENTRAL TRUST Co bought a new position in shares of Northern Technologies International in the third quarter valued at about $44,000. Victory Capital Management Inc. bought a new position in shares of Northern Technologies International in the fourth quarter valued at about $83,000. Connors Investor Services Inc. bought a new position in shares of Northern Technologies International in the third quarter valued at about $139,000. Penn Mutual Asset Management LLC acquired a new position in shares of Northern Technologies International in the third quarter valued at about $227,000. Finally, Acadian Asset Management LLC grew its stake in shares of Northern Technologies International by 30.6% in the third quarter. Acadian Asset Management LLC now owns 20,116 shares of the specialty chemicals company’s stock valued at $267,000 after acquiring an additional 4,712 shares in the last quarter. 32.88% of the stock is owned by institutional investors.

About Northern Technologies International

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.