Northern Technologies International (NASDAQ:NTIC) Upgraded by Zacks Research to “Hold” Rating

Northern Technologies International (NASDAQ:NTIC) was upgraded by equities researchers at Zacks Research from a “strong sell” rating to a “hold” rating in a research note issued to investors on Tuesday,Zacks.com reports.

Separately, Weiss Ratings restated a “sell (d)” rating on shares of Northern Technologies International in a research report on Friday, March 27th. One research analyst has rated the stock with a Hold rating and one has assigned a Sell rating to the company. According to data from MarketBeat, the stock has an average rating of “Reduce”.

Northern Technologies International Price Performance

Shares of NASDAQ:NTIC opened at $7.97 on Tuesday. The company has a quick ratio of 1.15, a current ratio of 1.81 and a debt-to-equity ratio of 0.01. The firm has a market capitalization of $75.64 million, a PE ratio of -99.63 and a beta of 0.19. Northern Technologies International has a twelve month low of $7.14 and a twelve month high of $10.03. The company has a 50-day moving average price of $8.01 and a two-hundred day moving average price of $8.28.

Northern Technologies International (NASDAQ:NTIC) last issued its earnings results on Thursday, April 9th. The specialty chemicals company reported $0.01 earnings per share for the quarter, missing analysts’ consensus estimates of $0.02 by ($0.01). The business had revenue of $22.00 million for the quarter, compared to the consensus estimate of $21.10 million. Northern Technologies International had a positive return on equity of 0.05% and a negative net margin of 0.87%. Equities analysts forecast that Northern Technologies International will post 0.15 EPS for the current year.

Institutional Investors Weigh In On Northern Technologies International

Several hedge funds have recently bought and sold shares of NTIC. Osaic Holdings Inc. lifted its position in Northern Technologies International by 1,124.1% during 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 last quarter. Qube Research & Technologies Ltd bought a new stake in Northern Technologies International during the second quarter valued at approximately $88,000. XTX Topco Ltd bought a new stake in Northern Technologies International during the fourth quarter valued at approximately $96,000. Arrowstreet Capital Limited Partnership bought a new stake in Northern Technologies International during the second quarter valued at approximately $130,000. Finally, Squarepoint Ops LLC lifted its position in Northern Technologies International by 57.5% during the third quarter. Squarepoint Ops LLC now owns 23,011 shares of the specialty chemicals company’s stock valued at $177,000 after purchasing an additional 8,401 shares during the last quarter. 32.88% of the stock is currently owned by institutional investors.

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.