Northern Technologies International (NASDAQ:NTIC) Coverage Initiated by Analysts at StockNews.com

StockNews.com initiated coverage on shares of Northern Technologies International (NASDAQ:NTICGet Rating) in a research report report published on Saturday morning. The firm issued a hold rating on the specialty chemicals company’s stock.

NTIC has been the topic of a number of other reports. Northland Securities reduced their target price on shares of Northern Technologies International from $24.00 to $18.00 in a research report on Friday, April 8th. Zacks Investment Research lowered Northern Technologies International from a hold rating to a sell rating in a research note on Tuesday, April 26th. Finally, TheStreet lowered Northern Technologies International from a b- rating to a c+ rating in a research report on Wednesday, April 20th.

NASDAQ:NTIC opened at $10.60 on Friday. The firm has a market capitalization of $97.75 million, a price-to-earnings ratio of 12.33 and a beta of 1.04. The firm’s fifty day simple moving average is $11.58 and its 200 day simple moving average is $13.21. Northern Technologies International has a twelve month low of $10.02 and a twelve month high of $21.50.

Northern Technologies International (NASDAQ:NTICGet Rating) last posted its earnings results on Thursday, April 7th. The specialty chemicals company reported $0.04 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.06 by ($0.02). Northern Technologies International had a net margin of 12.73% and a return on equity of 7.24%. The company had revenue of $16.75 million during the quarter, compared to analyst estimates of $17.60 million. During the same quarter last year, the business posted $0.13 EPS. Equities research analysts forecast that Northern Technologies International will post 0.43 EPS for the current year.

The business also recently declared a quarterly dividend, which was paid on Wednesday, May 18th. Stockholders of record on Wednesday, May 4th were given a dividend of $0.07 per share. This represents a $0.28 dividend on an annualized basis and a dividend yield of 2.64%. The ex-dividend date was Tuesday, May 3rd. Northern Technologies International’s payout ratio is 32.56%.

Several institutional investors have recently made changes to their positions in NTIC. Barclays PLC raised its position in shares of Northern Technologies International by 521.3% during the 3rd quarter. Barclays PLC now owns 2,013 shares of the specialty chemicals company’s stock worth $31,000 after purchasing an additional 1,689 shares during the period. Compass Ion Advisors LLC acquired a new position in shares of Northern Technologies International during the first quarter valued at $165,000. State Street Corp boosted its holdings in shares of Northern Technologies International by 15.0% during the first quarter. State Street Corp now owns 19,227 shares of the specialty chemicals company’s stock valued at $231,000 after acquiring an additional 2,512 shares during the period. Susquehanna International Group LLP acquired a new position in shares of Northern Technologies International during the fourth quarter valued at $401,000. Finally, Essex Investment Management Co. LLC boosted its holdings in shares of Northern Technologies International by 2.5% during the first quarter. Essex Investment Management Co. LLC now owns 49,181 shares of the specialty chemicals company’s stock valued at $591,000 after acquiring an additional 1,201 shares during the period. Institutional investors and hedge funds own 37.86% of the company’s stock.

About Northern Technologies International (Get Rating)

Northern Technologies International Corporation develops and markets rust and corrosion inhibiting products and services 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.

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