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

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

Separately, Weiss Ratings reaffirmed a “sell (d)” rating on shares of Northern Technologies International in a research note on Friday, March 27th. One research analyst has rated the stock with a Hold rating and one has issued a Sell rating to the stock. According to data from MarketBeat, the stock currently has a consensus rating of “Reduce”.

Northern Technologies International Stock Down 0.5%

NTIC stock opened at $7.97 on Tuesday. The company has a current ratio of 1.81, a quick ratio of 1.15 and a debt-to-equity ratio of 0.01. Northern Technologies International has a 1 year low of $7.14 and a 1 year high of $10.03. The company has a fifty day simple moving average of $8.01 and a 200 day simple moving average of $8.28. The firm has a market cap of $75.64 million, a PE ratio of -99.63 and a beta of 0.19.

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

Institutional Inflows and Outflows

Several institutional investors have recently bought and sold shares of the company. Needham Investment Management LLC raised its holdings in Northern Technologies International by 11.4% in the 4th quarter. Needham Investment Management LLC now owns 713,257 shares of the specialty chemicals company’s stock worth $5,585,000 after acquiring an additional 73,257 shares during the period. Rothschild Wealth LLC bought a new position in Northern Technologies International in the 4th quarter worth $1,330,000. North Star Investment Management Corp. bought a new position in Northern Technologies International in the 1st quarter worth $1,220,000. Peapod Lane Capital LLC raised its holdings in Northern Technologies International by 64.6% in the 4th quarter. Peapod Lane Capital LLC now owns 142,621 shares of the specialty chemicals company’s stock worth $1,117,000 after acquiring an additional 55,987 shares during the period. Finally, Renaissance Technologies LLC raised its holdings in Northern Technologies International by 15.0% in the 4th quarter. Renaissance Technologies LLC now owns 126,377 shares of the specialty chemicals company’s stock worth $990,000 after acquiring an additional 16,500 shares during the period. 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.