ValuEngine Lowers Northern Technologies International Corporation (NASDAQ:NTIC) to Hold

Northern Technologies International Corporation (NASDAQ:NTIC) was downgraded by analysts at ValuEngine from a “buy” rating to a “hold” rating in a research report issued to clients and investors on Saturday, July 22nd.

Northern Technologies International Corporation (NTIC) traded up 1.47% during trading on Friday, hitting $17.25. 2,122 shares of the stock traded hands. Northern Technologies International Corporation has a 52 week low of $12.50 and a 52 week high of $19.30. The stock has a market cap of $78.09 million, a P/E ratio of 131.68 and a beta of 1.31. The firm’s 50-day moving average is $16.80 and its 200 day moving average is $16.53.

Northern Technologies International Corporation (NASDAQ:NTIC) last announced its quarterly earnings results on Thursday, July 13th. The specialty chemicals company reported $0.30 EPS for the quarter. The company had revenue of $10.22 million during the quarter. Northern Technologies International Corporation had a return on equity of 5.24% and a net margin of 1.56%. Equities research analysts forecast that Northern Technologies International Corporation will post $1.02 earnings per share for the current fiscal year.

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Several hedge funds have recently made changes to their positions in NTIC. Renaissance Technologies LLC boosted its stake in shares of Northern Technologies International Corporation by 4.3% in the fourth quarter. Renaissance Technologies LLC now owns 16,800 shares of the specialty chemicals company’s stock worth $231,000 after buying an additional 700 shares during the period. Dimensional Fund Advisors LP boosted its stake in shares of Northern Technologies International Corporation by 0.6% in the second quarter. Dimensional Fund Advisors LP now owns 144,596 shares of the specialty chemicals company’s stock worth $2,306,000 after buying an additional 800 shares during the period. US Bancorp DE boosted its stake in shares of Northern Technologies International Corporation by 41.0% in the first quarter. US Bancorp DE now owns 7,085 shares of the specialty chemicals company’s stock worth $129,000 after buying an additional 2,060 shares during the period. Rutabaga Capital Management LLC MA boosted its stake in shares of Northern Technologies International Corporation by 1.7% in the first quarter. Rutabaga Capital Management LLC MA now owns 287,956 shares of the specialty chemicals company’s stock worth $5,254,000 after buying an additional 4,750 shares during the period. Finally, Sheets Smith Wealth Management boosted its stake in shares of Northern Technologies International Corporation by 46.2% in the first quarter. Sheets Smith Wealth Management now owns 15,522 shares of the specialty chemicals company’s stock worth $283,000 after buying an additional 4,907 shares during the period. 25.63% of the stock is owned by institutional investors.

Northern Technologies International Corporation Company Profile

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.

To view ValuEngine’s full report, visit ValuEngine’s official website.

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