Northern Technologies International (NASDAQ:NTIC) Issues Earnings Results

Northern Technologies International (NASDAQ:NTIC) issued its quarterly earnings results on Wednesday. The specialty chemicals company reported $0.07 earnings per share for the quarter, missing the consensus estimate of $0.12 by ($0.05), Zacks reports. Northern Technologies International had a return on equity of 8.03% and a net margin of 6.36%.

Northern Technologies International Price Performance

NASDAQ NTIC opened at $13.43 on Thursday. The company has a market cap of $127.18 million, a price-to-earnings ratio of 24.42 and a beta of 0.62. The stock’s fifty day moving average price is $13.55 and its 200 day moving average price is $13.32. Northern Technologies International has a 1 year low of $11.55 and a 1 year high of $19.63.

Northern Technologies International Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Wednesday, November 13th. Shareholders of record on Wednesday, October 30th were paid a dividend of $0.07 per share. The ex-dividend date was Wednesday, October 30th. This represents a $0.28 dividend on an annualized basis and a yield of 2.08%. Northern Technologies International’s payout ratio is 50.91%.

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.