Northern Technologies International Corporation (NASDAQ:NTIC) Rating Lowered to Hold at ValuEngine

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

Shares of Northern Technologies International Corporation (NASDAQ NTIC) traded up 3.14% on Friday, hitting $18.05. The company’s stock had a trading volume of 677 shares. The firm has a market cap of $81.71 million, a price-to-earnings ratio of 137.79 and a beta of 1.31. The stock has a 50-day moving average price of $17.06 and a 200 day moving average price of $16.60. Northern Technologies International Corporation has a one year low of $12.50 and a one year high of $19.30.

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

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Several large investors have recently added to or reduced their stakes in the company. Renaissance Technologies LLC raised its stake in 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 valued at $231,000 after buying an additional 700 shares during the last quarter. Dimensional Fund Advisors LP increased its position 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 valued at $2,306,000 after buying an additional 800 shares during the period. US Bancorp DE increased its position 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 valued at $129,000 after buying an additional 2,060 shares during the period. Rutabaga Capital Management LLC MA increased its position 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 valued at $5,254,000 after buying an additional 4,750 shares during the period. Finally, Sheets Smith Wealth Management increased its position 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 valued at $283,000 after buying an additional 4,907 shares during the period. 25.62% of the stock is owned by institutional investors.

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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