Northern Technologies International (NASDAQ:NTIC) Announces Earnings Results, Misses Expectations By $0.01 EPS

Northern Technologies International (NASDAQ:NTIC) released its earnings results on Thursday. The specialty chemicals company reported $0.01 earnings per share for the quarter, missing analysts’ consensus estimates of $0.02 by ($0.01), FiscalAI reports. Northern Technologies International had a negative return on equity of 0.44% and a negative net margin of 0.35%.The firm had revenue of $22.00 million during the quarter, compared to the consensus estimate of $21.10 million.

Northern Technologies International Stock Performance

Northern Technologies International stock opened at $8.00 on Thursday. The company has a current ratio of 1.77, a quick ratio of 1.13 and a debt-to-equity ratio of 0.01. The firm has a market cap of $75.92 million, a P/E ratio of -200.00 and a beta of 0.23. The firm has a 50-day moving average of $8.64 and a 200-day moving average of $8.21. Northern Technologies International has a 1-year low of $6.75 and a 1-year high of $10.03.

Northern Technologies International Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Wednesday, February 11th. Stockholders of record on Wednesday, January 28th were issued a dividend of $0.01 per share. This represents a $0.04 dividend on an annualized basis and a dividend yield of 0.5%. The ex-dividend date was Wednesday, January 28th. Northern Technologies International’s dividend payout ratio is currently -100.00%.

Hedge Funds Weigh In On Northern Technologies International

A number of hedge funds and other institutional investors have recently made changes to their positions in the business. Osaic Holdings Inc. raised its holdings in shares of Northern Technologies International by 1,124.1% during the second quarter. Osaic Holdings Inc. now owns 3,501 shares of the specialty chemicals company’s stock valued at $26,000 after acquiring an additional 3,215 shares in the last quarter. Squarepoint Ops LLC raised its holdings in shares of Northern Technologies International by 57.5% during the third quarter. Squarepoint Ops LLC now owns 23,011 shares of the specialty chemicals company’s stock valued at $177,000 after acquiring an additional 8,401 shares in the last quarter. Jane Street Group LLC raised its holdings in shares of Northern Technologies International by 72.4% during the fourth quarter. Jane Street Group LLC now owns 27,302 shares of the specialty chemicals company’s stock valued at $214,000 after acquiring an additional 11,470 shares in the last quarter. Qube Research & Technologies Ltd bought a new position in shares of Northern Technologies International during the second quarter valued at approximately $88,000. Finally, XTX Topco Ltd bought a new position in shares of Northern Technologies International during the fourth quarter valued at approximately $96,000. Institutional investors own 32.88% of the company’s stock.

Wall Street Analysts Forecast Growth

Several analysts have weighed in on the company. Zacks Research upgraded Northern Technologies International from a “strong sell” rating to a “hold” rating in a research report on Monday, January 19th. Weiss Ratings reiterated a “sell (d)” rating on shares of Northern Technologies International in a research report on Friday, March 27th. Finally, Wall Street Zen upgraded Northern Technologies International to a “hold” rating in a research report on Saturday, January 10th. One equities research analyst has rated the stock with a Hold rating and one has assigned a Sell rating to the stock. According to data from MarketBeat, Northern Technologies International presently has an average rating of “Reduce”.

Northern Technologies International Company Profile

Northern Technologies International Corporation (NASDAQ: NTIC) is a Minnesota‐based specialty chemical company that develops, manufactures and markets environmentally responsible corrosion prevention and metal surface treatment products. The company’s solutions include volatile corrosion inhibitor (VCI) films, emitters, powders and liquids designed to protect ferrous and non‐ferrous metals in industrial, aerospace, defense, electronics and automotive applications. In addition, NTIC offers packaging materials, engineered coatings and specialty pretreatment chemicals that meet stringent environmental regulations while extending equipment life and reducing maintenance costs.

NTIC serves a diversified global customer base, including metal fabricators, automotive suppliers, electronics manufacturers and oil and gas producers.