Northern Technologies International (NASDAQ:NTIC) Raised to Hold at Zacks Research

Northern Technologies International (NASDAQ:NTIC) was upgraded by research analysts at Zacks Research from a “strong sell” rating to a “hold” rating in a note issued to investors on Monday,Zacks.com reports.

NTIC has been the topic of a number of other reports. Wall Street Zen upgraded shares of Northern Technologies International to a “hold” rating in a report on Saturday, January 10th. Weiss Ratings reaffirmed a “sell (d)” rating on shares of Northern Technologies International in a research report on Monday, December 29th. One equities research analyst has rated the stock with a Hold rating and one has assigned a Sell rating to the company’s stock. According to data from MarketBeat, Northern Technologies International presently has a consensus rating of “Reduce”.

Northern Technologies International Stock Down 3.0%

NTIC stock opened at $9.06 on Monday. The stock’s 50 day simple moving average is $7.97 and its 200 day simple moving average is $7.83. The company has a market cap of $85.98 million, a P/E ratio of -226.50 and a beta of 0.15. The company has a debt-to-equity ratio of 0.01, a quick ratio of 1.13 and a current ratio of 1.77. Northern Technologies International has a fifty-two week low of $6.75 and a fifty-two week high of $13.06.

Northern Technologies International (NASDAQ:NTIC) last released its quarterly earnings data on Thursday, January 8th. The specialty chemicals company reported $0.04 EPS for the quarter, missing the consensus estimate of $0.05 by ($0.01). Northern Technologies International had a negative net margin of 0.35% and a negative return on equity of 0.44%. The firm had revenue of $23.31 million for the quarter, compared to the consensus estimate of $22.10 million. On average, research analysts expect that Northern Technologies International will post 0.56 earnings per share for the current fiscal year.

Hedge Funds Weigh In On Northern Technologies International

A number of hedge funds and other institutional investors have recently modified their holdings of NTIC. Citadel Advisors LLC lifted its holdings in Northern Technologies International by 35.1% during 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 period. Squarepoint Ops LLC increased its position in shares of 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 valued at $177,000 after purchasing an additional 8,401 shares during the last quarter. Arrowstreet Capital Limited Partnership raised its stake in shares of Northern Technologies International by 274.0% during the 3rd quarter. Arrowstreet Capital Limited Partnership now owns 65,581 shares of the specialty chemicals company’s stock worth $506,000 after purchasing an additional 48,047 shares during the period. Peapod Lane Capital LLC boosted its holdings in shares of Northern Technologies International by 32.0% in the 3rd quarter. Peapod Lane Capital LLC now owns 86,634 shares of the specialty chemicals company’s stock worth $668,000 after buying an additional 21,023 shares during the last quarter. Finally, GSA Capital Partners LLP bought a new position in Northern Technologies International during the third quarter valued at about $214,000. Hedge funds and other 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.