Northern Technologies International (NASDAQ:NTIC) Director Sells $96,000.00 in Stock

Northern Technologies International Corporation (NASDAQ:NTIC) Director Richard Nigon sold 12,000 shares of the business’s stock in a transaction on Monday, July 20th. The stock was sold at an average price of $8.00, for a total transaction of $96,000.00. Following the transaction, the director owned 47,148 shares of the company’s stock, valued at approximately $377,184. The trade was a 20.29% decrease in their position. The sale was disclosed in a filing with the SEC, which is available at this hyperlink.

Northern Technologies International Stock Performance

NASDAQ NTIC traded up $0.16 during trading hours on Tuesday, hitting $8.19. The company had a trading volume of 4,689 shares, compared to its average volume of 11,263. Northern Technologies International Corporation has a 1-year low of $7.14 and a 1-year high of $10.03. The company has a debt-to-equity ratio of 0.01, a quick ratio of 1.15 and a current ratio of 1.72. The company has a market cap of $77.81 million, a PE ratio of -68.25 and a beta of 0.17. The business has a 50 day moving average of $8.17 and a 200-day moving average of $8.42.

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

Institutional Trading of Northern Technologies International

Several large investors have recently bought and sold shares of NTIC. Osaic Holdings Inc. boosted its stake in shares of Northern Technologies International by 1,124.1% in the second quarter. Osaic Holdings Inc. now owns 3,501 shares of the specialty chemicals company’s stock valued at $26,000 after purchasing an additional 3,215 shares during the period. Qube Research & Technologies Ltd acquired a new position in shares of Northern Technologies International in the 2nd quarter valued at approximately $88,000. XTX Topco Ltd acquired a new stake in shares of Northern Technologies International during the fourth quarter worth approximately $96,000. Arrowstreet Capital Limited Partnership acquired a new stake in Northern Technologies International in the second quarter valued at $130,000. Finally, Squarepoint Ops LLC boosted its stake 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 valued at $177,000 after acquiring an additional 8,401 shares during the last quarter. Institutional investors and hedge funds own 32.88% of the company’s stock.

Analyst Ratings Changes

NTIC has been the topic of several recent analyst reports. Weiss Ratings reissued a “sell (d)” rating on shares of Northern Technologies International in a research note on Wednesday, June 24th. Zacks Research cut shares of Northern Technologies International from a “hold” rating to a “strong sell” rating in a research note on Friday, July 10th. Two analysts have rated the stock with a Sell rating, According to MarketBeat.com, Northern Technologies International has a consensus rating of “Sell”.

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.