Northern Technologies International (NASDAQ:NTIC) Issues Quarterly Earnings Results

Northern Technologies International (NASDAQ:NTIC) announced its earnings results on Thursday. The specialty chemicals company reported $0.01 earnings per share (EPS) 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 business had revenue of $22.00 million for the quarter, compared to analysts’ expectations of $21.10 million.

Northern Technologies International Price Performance

NASDAQ NTIC opened at $8.00 on Thursday. Northern Technologies International has a 1 year low of $6.75 and a 1 year high of $10.03. The business’s fifty day moving average is $8.64 and its two-hundred day moving average is $8.21. The company has a debt-to-equity ratio of 0.01, a quick ratio of 1.13 and a current ratio of 1.77. The stock has a market capitalization of $75.92 million, a P/E ratio of -200.00 and a beta of 0.23.

Northern Technologies International Dividend Announcement

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

Analyst Ratings Changes

Several brokerages recently weighed in on NTIC. Zacks Research raised Northern Technologies International from a “strong sell” rating to a “hold” rating in a report on Monday, January 19th. Weiss Ratings reaffirmed a “sell (d)” rating on shares of Northern Technologies International in a report on Friday, March 27th. Finally, Wall Street Zen raised Northern Technologies International to a “hold” rating in a report on Saturday, January 10th. One investment analyst has rated the stock with a Hold rating and one has issued a Sell rating to the company’s stock. According to data from MarketBeat, Northern Technologies International has a consensus rating of “Reduce”.

Institutional Trading of Northern Technologies International

Several large investors have recently added to or reduced their stakes in the company. XTX Topco Ltd acquired a new position in shares of Northern Technologies International in the fourth quarter worth $96,000. Rothschild Wealth LLC acquired a new position in shares of Northern Technologies International in the fourth quarter worth $1,330,000. Jane Street Group LLC increased its stake in shares of Northern Technologies International by 72.4% in the fourth quarter. Jane Street Group LLC now owns 27,302 shares of the specialty chemicals company’s stock worth $214,000 after acquiring an additional 11,470 shares during the last quarter. Renaissance Technologies LLC increased its stake in shares of Northern Technologies International by 15.0% in the fourth quarter. Renaissance Technologies LLC now owns 126,377 shares of the specialty chemicals company’s stock worth $990,000 after acquiring an additional 16,500 shares during the last quarter. Finally, Citadel Advisors LLC increased its stake in shares of Northern Technologies International by 35.1% in the third quarter. Citadel Advisors LLC now owns 59,085 shares of the specialty chemicals company’s stock worth $456,000 after acquiring an additional 15,351 shares during the last quarter. 32.88% of the stock is owned by institutional investors and hedge funds.

About Northern Technologies International

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.