Northern Technologies International (NASDAQ:NTIC) Stock Crosses Above Two Hundred Day Moving Average – Time to Sell?

Northern Technologies International Corporation (NASDAQ:NTIC) passed above its 200-day moving average during trading on Friday . The stock has a 200-day moving average of $8.37 and traded as high as $8.42. Northern Technologies International shares last traded at $8.42, with a volume of 815 shares changing hands.

Analyst Ratings Changes

Several equities research analysts have recently weighed in on NTIC shares. Zacks Research lowered Northern Technologies International from a “hold” rating to a “strong sell” rating in a research note on Friday, July 10th. Weiss Ratings reaffirmed a “sell (d)” rating on shares of Northern Technologies International in a research report on Wednesday, June 24th. Two investment analysts have rated the stock with a Sell rating, Based on data from MarketBeat.com, Northern Technologies International currently has a consensus rating of “Sell”.

Northern Technologies International Trading Up 2.8%

The company has a current ratio of 1.72, a quick ratio of 1.15 and a debt-to-equity ratio of 0.01. The firm has a market cap of $79.99 million, a PE ratio of -70.17 and a beta of 0.17. The company’s 50-day moving average is $8.22 and its 200 day moving average is $8.37.

Northern Technologies International (NASDAQ:NTIC) last posted its quarterly earnings data on Thursday, July 9th. The specialty chemicals company reported ($0.02) EPS for the quarter, missing analysts’ consensus estimates of $0.04 by ($0.06). Northern Technologies International had a negative return on equity of 0.45% and a negative net margin of 1.26%.The firm had revenue of $24.22 million during the quarter, compared to analyst estimates of $23.40 million. As a group, sell-side analysts predict that Northern Technologies International Corporation will post 0.1 EPS for the current year.

Insider Buying and Selling at Northern Technologies International

In related news, CEO G Patrick Lynch sold 16,070 shares of the company’s stock in a transaction on Thursday, July 30th. The stock was sold at an average price of $8.00, for a total transaction of $128,560.00. Following the transaction, the chief executive officer directly owned 105,284 shares of the company’s stock, valued at approximately $842,272. The trade was a 13.24% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, Director Richard Nigon sold 12,000 shares of the stock in a transaction dated Monday, July 20th. The stock was sold at an average price of $8.00, for a total value of $96,000.00. Following the completion of the sale, the director directly owned 47,148 shares of the company’s stock, valued at approximately $377,184. This represents a 20.29% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. In the last ninety days, insiders sold 28,072 shares of company stock valued at $224,576. 24.90% of the stock is currently owned by insiders.

Hedge Funds Weigh In On Northern Technologies International

A number of large investors have recently made changes to their positions in the business. Needham Investment Management LLC boosted its holdings in shares of Northern Technologies International by 11.4% during the fourth quarter. Needham Investment Management LLC now owns 713,257 shares of the specialty chemicals company’s stock worth $5,585,000 after purchasing an additional 73,257 shares during the period. Rothschild Wealth LLC purchased a new position in shares of Northern Technologies International during the 4th quarter valued at $1,330,000. North Star Investment Management Corp. acquired a new position in shares of Northern Technologies International in the first quarter worth $1,220,000. Peapod Lane Capital LLC raised its holdings in shares of Northern Technologies International by 64.6% during the fourth quarter. Peapod Lane Capital LLC now owns 142,621 shares of the specialty chemicals company’s stock worth $1,117,000 after acquiring an additional 55,987 shares in the last quarter. Finally, Renaissance Technologies LLC boosted its position in Northern Technologies International by 15.0% during the fourth quarter. Renaissance Technologies LLC now owns 126,377 shares of the specialty chemicals company’s stock valued at $990,000 after purchasing an additional 16,500 shares during the last quarter. Institutional investors and hedge funds 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.