Zacks Research Upgrades Northern Technologies International (NASDAQ:NTIC) to “Hold”

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

Separately, Weiss Ratings reiterated a “sell (d)” rating on shares of Northern Technologies International in a research note on Wednesday, June 24th. One investment analyst has rated the stock with a Hold rating and one has given a Sell rating to the company. According to MarketBeat.com, the stock has an average rating of “Reduce”.

Northern Technologies International Price Performance

Shares of NASDAQ NTIC opened at $7.59 on Tuesday. The business’s 50 day moving average price is $8.14 and its two-hundred day moving average price is $8.20. The company has a market cap of $72.11 million, a PE ratio of -63.25 and a beta of 0.18. The company has a quick ratio of 1.15, a current ratio of 1.72 and a debt-to-equity ratio of 0.01. Northern Technologies International has a twelve month low of $7.35 and a twelve month high of $10.03.

Northern Technologies International (NASDAQ:NTIC) last released its quarterly earnings data on Thursday, July 9th. The specialty chemicals company reported ($0.02) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates 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 business had revenue of $24.22 million during the quarter, compared to analyst estimates of $23.40 million. On average, analysts predict that Northern Technologies International will post 0.1 EPS for the current year.

Insider Buying and Selling at Northern Technologies International

In other news, Director Richard Nigon sold 12,000 shares of Northern Technologies International 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 completion of the sale, the director owned 47,148 shares of the company’s stock, valued at approximately $377,184. This trade represents a 20.29% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, CEO G Patrick Lynch sold 16,070 shares of the business’s stock in a transaction dated Thursday, July 30th. The shares were sold at an average price of $8.00, for a total transaction of $128,560.00. Following the completion of the sale, the chief executive officer directly owned 105,284 shares of the company’s stock, valued at approximately $842,272. The trade was a 13.24% decrease in their position. The SEC filing for this sale provides additional information. Insiders have sold a total of 28,072 shares of company stock worth $224,576 in the last quarter. Company insiders own 24.90% of the company’s stock.

Institutional Trading of Northern Technologies International

A number of institutional investors have recently bought and sold shares of NTIC. Arrowstreet Capital Limited Partnership acquired a new position in shares of Northern Technologies International during the 2nd quarter worth approximately $130,000. Qube Research & Technologies Ltd acquired a new stake in shares of Northern Technologies International in the second quarter valued at approximately $88,000. Jane Street Group LLC bought a new stake in shares of Northern Technologies International in the second quarter valued at approximately $190,000. 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 buying an additional 3,215 shares during the period. Finally, Squarepoint Ops LLC grew 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 worth $177,000 after buying an additional 8,401 shares in the last quarter. Institutional investors own 32.88% of the company’s stock.

About Northern Technologies International

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.