Northern Technologies International (NASDAQ:NTIC) Stock Price Crosses Above Fifty Day Moving Average – Here’s What Happened

Northern Technologies International Corporation (NASDAQ:NTIC) passed above its fifty day moving average during trading on Thursday. The stock has a fifty day moving average of $7.72 and traded as high as $7.77. Northern Technologies International shares last traded at $7.75, with a volume of 5,770 shares changing hands.

Analysts Set New Price Targets

Several equities analysts have recently commented on the stock. Weiss Ratings restated a “sell (d)” rating on shares of Northern Technologies International in a research report on Monday, September 21st. Zacks Research upgraded shares of Northern Technologies International from a “strong sell” rating to a “hold” rating in a report on Tuesday, September 8th. One equities research analyst has rated the stock with a Hold rating and one has issued a Sell rating to the company. According to MarketBeat.com, the company currently has an average rating of “Reduce”.

Northern Technologies International Stock Up 4.0%

The company has a debt-to-equity ratio of 0.01, a current ratio of 1.72 and a quick ratio of 1.15. The stock has a market capitalization of $73.62 million, a P/E ratio of -64.58 and a beta of 0.15. The firm has a 50-day simple moving average of $7.72 and a 200 day simple moving average of $8.15.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently made changes to their positions in the company. Dynamic Advisor Solutions LLC increased its stake in shares of Northern Technologies International by 4.1% in the second quarter. Dynamic Advisor Solutions LLC now owns 91,695 shares of the specialty chemicals company’s stock valued at $785,000 after buying an additional 3,618 shares during the period. Marquette Asset Management LLC bought a new position in Northern Technologies International in the 2nd quarter valued at approximately $204,000. Finally, BlackRock Inc. acquired a new stake in Northern Technologies International during the 2nd quarter worth approximately $413,000. Institutional investors and hedge funds own 32.88% of the company’s stock.

About Northern Technologies International

Northern Technologies International Corp. (NASDAQ: NTIC) develops and markets corrosion prevention and environmentally friendly materials. The company’s principal business operates under the ZERUST brand, which provides corrosion-inhibiting products and services designed to protect metal components and equipment during manufacturing, shipping, storage and use. ZERUST offerings include corrosion-inhibiting films, bags, papers, emitters, coatings, fluids and other products, as well as technical consulting and corrosion-management services.