Northern Technologies International (NASDAQ:NTIC) Upgraded to Buy at StockNews.com

Northern Technologies International (NASDAQ:NTIC) was upgraded by equities researchers at StockNews.com from a “hold” rating to a “buy” rating in a research note issued on Thursday.

Separately, TheStreet upgraded Northern Technologies International from a “c+” rating to a “b-” rating in a research note on Tuesday, February 27th.

Northern Technologies International Stock Performance

Shares of Northern Technologies International stock traded up $0.05 on Thursday, hitting $13.45. The company had a trading volume of 1,268 shares, compared to its average volume of 10,921. The stock has a 50 day moving average of $13.53 and a 200-day moving average of $12.58. Northern Technologies International has a 1 year low of $10.08 and a 1 year high of $14.97. The stock has a market capitalization of $126.83 million, a price-to-earnings ratio of 30.57 and a beta of 0.71.

Northern Technologies International (NASDAQ:NTIC) last posted its earnings results on Thursday, January 11th. The specialty chemicals company reported $0.10 EPS for the quarter, missing the consensus estimate of $0.18 by ($0.08). Northern Technologies International had a return on equity of 5.60% and a net margin of 5.30%. The firm had revenue of $20.18 million for the quarter, compared to the consensus estimate of $21.00 million. During the same period in the prior year, the business earned $0.06 EPS. Equities analysts anticipate that Northern Technologies International will post 0.75 earnings per share for the current year.

Institutional Trading of Northern Technologies International

A number of hedge funds and other institutional investors have recently bought and sold shares of the company. Diamond Hill Capital Management Inc. boosted its stake in Northern Technologies International by 11.8% during the third quarter. Diamond Hill Capital Management Inc. now owns 38,000 shares of the specialty chemicals company’s stock valued at $508,000 after buying an additional 4,000 shares during the period. Dynamic Advisor Solutions LLC raised its position in Northern Technologies International by 3.9% during the third quarter. Dynamic Advisor Solutions LLC now owns 24,090 shares of the specialty chemicals company’s stock valued at $322,000 after purchasing an additional 910 shares in the last quarter. CENTRAL TRUST Co bought a new position in shares of Northern Technologies International during the 3rd quarter valued at about $44,000. Sheets Smith Wealth Management raised its holdings in shares of Northern Technologies International by 2.7% during the 3rd quarter. Sheets Smith Wealth Management now owns 43,434 shares of the specialty chemicals company’s stock valued at $581,000 after buying an additional 1,133 shares in the last quarter. Finally, Acadian Asset Management LLC lifted its holdings in shares of Northern Technologies International by 30.6% in the 3rd quarter. Acadian Asset Management LLC now owns 20,116 shares of the specialty chemicals company’s stock worth $267,000 after acquiring an additional 4,712 shares during the last quarter. Institutional investors own 32.88% of the company’s stock.

Northern Technologies International Company Profile

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.