Northern Technologies International (NASDAQ:NTIC) Share Price Crosses Above Two Hundred Day Moving Average – Here’s What Happened

Northern Technologies International Corporation (NASDAQ:NTIC) crossed above its 200-day moving average during trading on Wednesday . The stock has a 200-day moving average of $8.08 and traded as high as $9.00. Northern Technologies International shares last traded at $8.78, with a volume of 1,413 shares.

Analyst Ratings Changes

NTIC has been the topic of several recent analyst reports. Weiss Ratings reiterated a “sell (d)” rating on shares of Northern Technologies International in a research report on Monday, December 29th. Wall Street Zen upgraded Northern Technologies International to a “hold” rating in a research note on Saturday, January 10th. Finally, Zacks Research upgraded Northern Technologies International from a “strong sell” rating to a “hold” rating in a research report on Monday, January 19th. One equities research analyst has rated the stock with a Hold rating and one has given a Sell rating to the stock. According to MarketBeat.com, Northern Technologies International has an average rating of “Reduce”.

Northern Technologies International Trading Down 0.2%

The firm has a market cap of $81.90 million, a PE ratio of -215.75 and a beta of 0.18. The company has a debt-to-equity ratio of 0.01, a current ratio of 1.77 and a quick ratio of 1.13. The business has a 50-day moving average price of $8.88 and a two-hundred day moving average price of $8.09.

Northern Technologies International (NASDAQ:NTIC) last issued 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 net margin of 0.35% and a negative return on equity of 0.44%. The business had revenue of $23.31 million during the quarter, compared to analyst estimates of $22.10 million. Analysts forecast that Northern Technologies International Corporation will post 0.56 EPS for the current year.

Northern Technologies International Dividend Announcement

The business 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 annualized dividend and a dividend yield of 0.5%. The ex-dividend date was Wednesday, January 28th. Northern Technologies International’s dividend payout ratio is currently -100.00%.

Hedge Funds Weigh In On Northern Technologies International

Institutional investors and hedge funds have recently modified their holdings of the company. Y Intercept Hong Kong Ltd purchased a new position in shares of Northern Technologies International in the 2nd quarter worth about $254,000. Arrowstreet Capital Limited Partnership acquired a new stake in Northern Technologies International during the 2nd quarter worth approximately $130,000. Jane Street Group LLC purchased a new position in Northern Technologies International in the second quarter valued at approximately $190,000. Rothschild Wealth LLC acquired a new position in Northern Technologies International during the fourth quarter valued at approximately $1,330,000. Finally, Renaissance Technologies LLC lifted its position in Northern Technologies International by 15.0% during the fourth quarter. Renaissance Technologies LLC now owns 126,377 shares of the specialty chemicals company’s stock valued at $990,000 after buying an additional 16,500 shares in the last quarter. Hedge funds and other institutional investors own 32.88% of the company’s stock.

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.