Northern Technologies International (NASDAQ:NTIC) Stock Rating Lowered by StockNews.com

Northern Technologies International (NASDAQ:NTIC) was downgraded by analysts at StockNews.com from a “buy” rating to a “hold” rating in a research note issued to investors on Wednesday.

Other analysts have also recently issued reports about the company. Northland Securities boosted their price objective on Northern Technologies International from $19.00 to $20.00 and gave the company an “outperform” rating in a research report on Friday, April 12th. TheStreet upgraded Northern Technologies International from a “c+” rating to a “b-” rating in a research report on Tuesday, February 27th.

Northern Technologies International Price Performance

Northern Technologies International stock opened at $17.39 on Wednesday. The stock has a market capitalization of $163.99 million, a PE ratio of 33.44 and a beta of 0.73. Northern Technologies International has a 12 month low of $10.08 and a 12 month high of $17.55. The business has a 50 day simple moving average of $13.93 and a 200-day simple moving average of $12.73.

Institutional Trading of Northern Technologies International

Several large investors have recently made changes to their positions in NTIC. Ballast Asset Management LP purchased a new stake in Northern Technologies International in the 3rd quarter valued at $2,911,000. Penn Mutual Asset Management LLC purchased a new stake in Northern Technologies International in the 3rd quarter valued at $227,000. Sheets Smith Wealth Management grew its holdings in Northern Technologies International by 27.3% in the 4th quarter. Sheets Smith Wealth Management now owns 55,311 shares of the specialty chemicals company’s stock valued at $652,000 after buying an additional 11,877 shares in the last quarter. Connors Investor Services Inc. purchased a new stake in Northern Technologies International in the 3rd quarter valued at $139,000. Finally, Victory Capital Management Inc. purchased a new stake in Northern Technologies International in the 4th quarter valued at $83,000. 32.88% of the stock is currently owned by hedge funds and other 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.