Northern Technologies International Corporation (NASDAQ:NTIC) was downgraded by equities research analysts at ValuEngine from a “buy” rating to a “hold” rating in a report issued on Monday.

Northern Technologies International Corporation (NASDAQ NTIC) traded down 0.29% during trading on Monday, hitting $16.90. 2,303 shares of the company’s stock traded hands. The company’s 50 day moving average is $17.43 and its 200-day moving average is $16.87. The stock has a market cap of $76.51 million, a P/E ratio of 129.01 and a beta of 1.33. Northern Technologies International Corporation has a 12 month low of $12.50 and a 12 month high of $19.30.

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. The firm had revenue of $10.22 million for the quarter. Northern Technologies International Corporation had a net margin of 1.56% and a return on equity of 5.24%. On average, analysts predict that Northern Technologies International Corporation will post $1.02 earnings per share for the current year.

COPYRIGHT VIOLATION NOTICE: “Northern Technologies International Corporation (NTIC) Downgraded by ValuEngine to “Hold”” was originally posted by The Cerbat Gem and is the property of of The Cerbat Gem. If you are reading this article on another website, it was stolen and republished in violation of U.S. and international copyright & trademark law. The legal version of this article can be viewed at https://www.thecerbatgem.com/2017/09/19/northern-technologies-international-corporation-ntic-downgraded-by-valuengine-to-hold.html.

Hedge funds and other institutional investors have recently modified their holdings of the company. US Bancorp DE lifted its stake 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 worth $129,000 after buying an additional 2,060 shares in the last quarter. Accredited Investors Inc. bought a new position in shares of Northern Technologies International Corporation in the first quarter worth approximately $347,000. Renaissance Technologies LLC lifted its stake in shares of 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 worth $370,000 after buying an additional 3,500 shares in the last quarter. Cove Street Capital LLC lifted its stake in shares of 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 worth $1,139,000 after buying an additional 16,945 shares in the last quarter. Finally, Vanguard Group Inc. lifted its stake in shares of 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 worth $1,656,000 after buying an additional 28,300 shares in the last quarter. Hedge funds and other institutional investors own 25.82% of the company’s stock.

Northern Technologies International Corporation Company Profile

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.

Receive News & Stock Ratings for Northern Technologies International Corporation Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Northern Technologies International Corporation and related stocks with our FREE daily email newsletter.