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

Northern Technologies International (NASDAQ:NTIC) announced its earnings results on Thursday. The specialty chemicals company reported $0.04 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.05 by ($0.01), FiscalAI reports. The business had revenue of $23.31 million for the quarter, compared to analysts’ expectations of $22.10 million. Northern Technologies International had a negative return on equity of 0.02% and a net margin of 0.02%.

Northern Technologies International Stock Down 1.9%

Northern Technologies International stock opened at $8.74 on Thursday. The company has a debt-to-equity ratio of 0.01, a quick ratio of 1.21 and a current ratio of 1.86. Northern Technologies International has a one year low of $6.75 and a one year high of $13.64. The company has a 50-day simple moving average of $7.74 and a 200-day simple moving average of $7.76. The firm has a market capitalization of $82.86 million, a P/E ratio of -873.13 and a beta of 0.15.

Northern Technologies International Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Wednesday, November 12th. Stockholders of record on Wednesday, October 29th were issued a dividend of $0.01 per share. The ex-dividend date of this dividend was Wednesday, October 29th. This represents a $0.04 annualized dividend and a dividend yield of 0.5%. Northern Technologies International’s payout ratio is -400.00%.

Analyst Ratings Changes

Several equities research analysts have issued reports on NTIC shares. Weiss Ratings restated a “sell (d)” rating on shares of Northern Technologies International in a report on Monday, December 29th. Wall Street Zen upgraded shares of Northern Technologies International from a “sell” rating to a “hold” rating in a research note on Saturday, September 13th. Finally, Zacks Research cut shares of Northern Technologies International from a “hold” rating to a “strong sell” rating in a research report on Wednesday, November 19th. Two equities research analysts have rated the stock with a Sell rating, Based on data from MarketBeat.com, the company currently has a consensus rating of “Sell”.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently bought and sold shares of the company. Arrowstreet Capital Limited Partnership acquired a new stake in shares of Northern Technologies International in the second quarter valued at approximately $130,000. Qube Research & Technologies Ltd bought a new position in Northern Technologies International in the 2nd quarter worth approximately $88,000. Jane Street Group LLC acquired a new stake in Northern Technologies International in the 2nd quarter valued at approximately $190,000. Osaic Holdings Inc. raised its stake in Northern Technologies International by 1,124.1% during the 2nd 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. Finally, Squarepoint Ops LLC boosted its position in Northern Technologies International by 57.5% during the 3rd quarter. Squarepoint Ops LLC now owns 23,011 shares of the specialty chemicals company’s stock worth $177,000 after acquiring an additional 8,401 shares during the period. Institutional investors own 32.88% of the company’s stock.

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.