Northern Technologies International (NASDAQ:NTIC) Downgraded to “Sell” Rating by StockNews.com

StockNews.com lowered shares of Northern Technologies International (NASDAQ:NTIC) from a hold rating to a sell rating in a report released on Monday.

Northern Technologies International Stock Performance

Shares of NTIC stock opened at $7.02 on Monday. The stock has a market capitalization of $66.51 million, a price-to-earnings ratio of 13.50 and a beta of 0.26. Northern Technologies International has a one year low of $7.01 and a one year high of $19.63. The company’s 50-day simple moving average is $10.56 and its 200-day simple moving average is $12.16.

Northern Technologies International (NASDAQ:NTIC) last issued its earnings results on Thursday, April 10th. The specialty chemicals company reported ($0.03) EPS for the quarter, missing the consensus estimate of $0.06 by ($0.09). Northern Technologies International had a return on equity of 7.48% and a net margin of 5.89%. The firm had revenue of $19.07 million during the quarter, compared to analyst estimates of $20.20 million. During the same quarter in the previous year, the business posted $0.17 EPS. As a group, research analysts forecast that Northern Technologies International will post 0.56 EPS for the current year.

Institutional Inflows and Outflows

A number of large investors have recently modified their holdings of NTIC. BNP Paribas Financial Markets lifted its holdings in Northern Technologies International by 392.7% in the third quarter. BNP Paribas Financial Markets now owns 13,962 shares of the specialty chemicals company’s stock worth $172,000 after acquiring an additional 11,128 shares during the last quarter. Stifel Financial Corp raised its position in shares of Northern Technologies International by 24.0% during the 3rd quarter. Stifel Financial Corp now owns 28,444 shares of the specialty chemicals company’s stock worth $350,000 after purchasing an additional 5,503 shares during the period. State Street Corp boosted its position in Northern Technologies International by 12.7% during the 3rd quarter. State Street Corp now owns 84,778 shares of the specialty chemicals company’s stock valued at $1,042,000 after purchasing an additional 9,554 shares during the period. Barclays PLC grew its stake in Northern Technologies International by 78.4% during the 3rd quarter. Barclays PLC now owns 14,864 shares of the specialty chemicals company’s stock worth $182,000 after buying an additional 6,533 shares during the last quarter. Finally, JPMorgan Chase & Co. increased its position in Northern Technologies International by 98.9% in the third quarter. JPMorgan Chase & Co. now owns 11,720 shares of the specialty chemicals company’s stock worth $144,000 after buying an additional 5,828 shares during the period. 32.88% of the stock is currently owned by institutional investors.

About Northern Technologies International

Northern Technologies International Corporation develops and markets rust and corrosion inhibiting solutions in North America, South America, Europe, Asia, the Middle East and internationally. It offers rust and corrosion inhibiting products, such as plastic and paper packaging, liquids, coatings, rust removers, cleaners, diffusers, and engineered solutions designed for the oil and gas industry under the ZERUST brand.