Northern Technologies International (NASDAQ:NTIC) Rating Lowered to C+ at TheStreet

TheStreet lowered shares of Northern Technologies International (NASDAQ:NTICGet Rating) from a b- rating to a c+ rating in a research note issued to investors on Wednesday morning, TheStreetRatingsTable reports.

NTIC has been the topic of several other research reports. Zacks Investment Research lowered Northern Technologies International from a hold rating to a sell rating in a research note on Wednesday. Northland Securities cut their price target on Northern Technologies International from $24.00 to $18.00 in a research note on Friday, April 8th. Finally, StockNews.com began coverage on Northern Technologies International in a research note on Tuesday. They set a hold rating on the stock.

Shares of NTIC stock opened at $11.41 on Wednesday. The stock’s fifty day moving average is $12.41 and its 200-day moving average is $13.99. The stock has a market capitalization of $105.22 million, a PE ratio of 13.27 and a beta of 1.08. Northern Technologies International has a 52 week low of $10.56 and a 52 week high of $21.50.

Northern Technologies International (NASDAQ:NTICGet Rating) last announced its earnings results on Thursday, April 7th. The specialty chemicals company reported $0.04 EPS for the quarter, missing the consensus estimate of $0.06 by ($0.02). Northern Technologies International had a return on equity of 7.24% and a net margin of 12.73%. During the same period in the prior year, the firm posted $0.13 EPS. Equities research analysts forecast that Northern Technologies International will post 0.43 earnings per share for the current year.

The business also recently announced a quarterly dividend, which was paid on Wednesday, February 16th. Shareholders of record on Wednesday, February 2nd were paid a $0.07 dividend. This represents a $0.28 annualized dividend and a yield of 2.45%. The ex-dividend date was Tuesday, February 1st. Northern Technologies International’s payout ratio is 32.56%.

Several institutional investors have recently made changes to their positions in NTIC. Meros Investment Management LP bought a new stake in shares of Northern Technologies International in the fourth quarter worth about $2,943,000. Susquehanna International Group LLP bought a new position in shares of Northern Technologies International during the fourth quarter worth about $401,000. PNC Financial Services Group Inc. bought a new position in shares of Northern Technologies International during the third quarter worth about $304,000. Compass Ion Advisors LLC bought a new position in shares of Northern Technologies International during the first quarter worth about $165,000. Finally, Essex Investment Management Co. LLC grew its holdings in shares of Northern Technologies International by 25.3% during the fourth quarter. Essex Investment Management Co. LLC now owns 47,980 shares of the specialty chemicals company’s stock worth $734,000 after buying an additional 9,675 shares in the last quarter. Institutional investors own 35.40% 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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