Northern Technologies International (NASDAQ:NTIC) Now Covered by Analysts at Northland Securities

Northland Securities started coverage on shares of Northern Technologies International (NASDAQ:NTIC) in a report released on Thursday, The Fly reports. The firm issued an outperform rating and a $16.00 price objective on the specialty chemicals company’s stock.

Separately, ValuEngine raised shares of Northern Technologies International from a sell rating to a hold rating in a research note on Thursday, August 1st.

Shares of NTIC traded up $0.34 during trading hours on Thursday, reaching $12.09. The stock had a trading volume of 300 shares, compared to its average volume of 8,202. Northern Technologies International has a 52 week low of $10.02 and a 52 week high of $17.97. The firm has a 50-day moving average of $11.20 and a 200 day moving average of $21.02. The company has a market cap of $104.50 million, a P/E ratio of 17.39 and a beta of 0.97.

Northern Technologies International (NASDAQ:NTIC) last released its quarterly earnings data on Tuesday, July 9th. The specialty chemicals company reported $0.16 EPS for the quarter. The business had revenue of $14.89 million during the quarter. Northern Technologies International had a net margin of 11.44% and a return on equity of 11.30%. Equities analysts forecast that Northern Technologies International will post 0.68 earnings per share for the current year.

The business also recently announced a quarterly dividend, which was paid on Wednesday, August 21st. Investors of record on Wednesday, August 7th were paid a $0.06 dividend. This represents a $0.24 dividend on an annualized basis and a yield of 1.99%. The ex-dividend date of this dividend was Tuesday, August 6th. Northern Technologies International’s payout ratio is presently 33.80%.

A number of hedge funds and other institutional investors have recently made changes to their positions in the stock. Bremer Bank National Association acquired a new position in Northern Technologies International in the 1st quarter worth $26,000. Wilen Investment Management CORP. boosted its stake in Northern Technologies International by 2.1% in the 1st quarter. Wilen Investment Management CORP. now owns 48,838 shares of the specialty chemicals company’s stock worth $1,245,000 after purchasing an additional 1,025 shares during the period. Morgan Stanley boosted its stake in Northern Technologies International by 333.4% in the 2nd quarter. Morgan Stanley now owns 1,621 shares of the specialty chemicals company’s stock worth $40,000 after purchasing an additional 1,247 shares during the period. FMR LLC boosted its stake in Northern Technologies International by 3.7% in the 1st quarter. FMR LLC now owns 76,425 shares of the specialty chemicals company’s stock worth $2,044,000 after purchasing an additional 2,706 shares during the period. Finally, Marshall Wace LLP acquired a new position in Northern Technologies International in the 1st quarter worth $98,000. 16.40% of the stock is owned by hedge funds and other institutional investors.

Northern Technologies International Company Profile

Northern Technologies International Corporation develops and markets rust and corrosion inhibiting products and services to automotive, electronics, electrical, mechanical, military, retail consumer, and oil and gas markets. 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.

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