ValuEngine upgraded shares of Northern Technologies International Corporation (NASDAQ:NTIC) from a hold rating to a buy rating in a report released on Wednesday.

Shares of Northern Technologies International Corporation (NTIC) opened at 17.10 on Wednesday. Northern Technologies International Corporation has a 1-year low of $12.50 and a 1-year high of $19.30. The firm’s 50-day moving average price is $17.58 and its 200 day moving average price is $16.80. The stock has a market capitalization of $77.41 million, a price-to-earnings ratio of 130.53 and a beta of 1.33.

Northern Technologies International Corporation (NASDAQ:NTIC) last issued its earnings results 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 expect that Northern Technologies International Corporation will post $1.02 earnings per share for the current fiscal year.

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A number of institutional investors have recently modified their holdings of NTIC. US Bancorp DE increased its holdings in 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 in the last quarter. Accredited Investors Inc. purchased a new position in Northern Technologies International Corporation in the first quarter valued at about $347,000. Renaissance Technologies LLC increased its holdings in Northern Technologies International Corporation by 20.8% in the first quarter. Renaissance Technologies LLC now owns 20,300 shares of the specialty chemicals company’s stock valued at $370,000 after buying an additional 3,500 shares in the last quarter. Cove Street Capital LLC increased its holdings in Northern Technologies International Corporation by 37.3% in the first quarter. Cove Street Capital LLC now owns 62,424 shares of the specialty chemicals company’s stock valued at $1,139,000 after buying an additional 16,945 shares in the last quarter. Finally, Vanguard Group Inc. increased its holdings in Northern Technologies International Corporation by 37.5% in the second quarter. Vanguard Group Inc. now owns 103,839 shares of the specialty chemicals company’s stock valued at $1,656,000 after buying an additional 28,300 shares in the last quarter. 25.82% 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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