Northern Technologies International (NASDAQ:NTIC) Upgraded at Wall Street Zen

Wall Street Zen upgraded shares of Northern Technologies International (NASDAQ:NTIC) from a sell rating to a hold rating in a research note released on Saturday.

Northern Technologies International Stock Performance

Northern Technologies International stock opened at $7.75 on Friday. Northern Technologies International has a fifty-two week low of $6.75 and a fifty-two week high of $15.09. The stock has a market cap of $73.39 million, a PE ratio of 25.83 and a beta of 0.30. The firm’s 50-day simple moving average is $7.75 and its 200 day simple moving average is $8.22.

Northern Technologies International (NASDAQ:NTIC) last announced its quarterly earnings data on Thursday, July 10th. The specialty chemicals company reported $0.02 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.04 by ($0.02). The business had revenue of $21.51 million during the quarter, compared to the consensus estimate of $20.70 million. Northern Technologies International had a net margin of 3.46% and a return on equity of 3.38%. During the same quarter last year, the company earned $0.11 EPS. As a group, analysts predict that Northern Technologies International will post 0.56 EPS for the current fiscal year.

Northern Technologies International Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Wednesday, August 13th. Shareholders of record on Wednesday, July 30th were issued a $0.01 dividend. The ex-dividend date of this dividend was Wednesday, July 30th. This represents a $0.04 annualized dividend and a dividend yield of 0.5%. Northern Technologies International’s dividend payout ratio (DPR) is presently 13.33%.

Institutional Trading of Northern Technologies International

Several large investors have recently modified their holdings of NTIC. Osaic Holdings Inc. grew its position in shares of Northern Technologies International by 1,124.1% in the 2nd quarter. Osaic Holdings Inc. now owns 3,501 shares of the specialty chemicals company’s stock worth $26,000 after buying an additional 3,215 shares during the period. Jane Street Group LLC purchased a new stake in Northern Technologies International in the 2nd quarter worth approximately $190,000. RBF Capital LLC raised its position in shares of Northern Technologies International by 164.0% during the 2nd quarter. RBF Capital LLC now owns 64,390 shares of the specialty chemicals company’s stock valued at $477,000 after purchasing an additional 40,000 shares during the period. Qube Research & Technologies Ltd bought a new position in shares of Northern Technologies International in the second quarter worth about $88,000. Finally, Arrowstreet Capital Limited Partnership purchased a new stake in Northern Technologies International during the 2nd quarter valued at approximately $130,000. 32.88% of the stock is owned by institutional investors.

About Northern Technologies International

Northern Technologies International Corporation develops and markets rust and corrosion inhibiting solutions 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.