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

Zacks Research upgraded shares of Northern Technologies International (NASDAQ:NTIC) from a strong sell rating to a hold rating in a research note released on Tuesday,Zacks.com reports.

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

Northern Technologies International Price Performance

Shares of NTIC 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 stock has a market cap of $75.64 million, a P/E ratio of -99.63 and a beta of 0.19. The stock’s 50-day moving average price is $8.01 and its two-hundred day moving average price is $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 (EPS) for the quarter, missing analysts’ consensus estimates of $0.02 by ($0.01). Northern Technologies International had a positive return on equity of 0.05% and a negative net margin of 0.87%.The company had revenue of $22.00 million for the quarter, compared to the consensus estimate of $21.10 million. On average, equities analysts predict that Northern Technologies International will post 0.15 earnings per share for the current year.

Institutional Investors Weigh In On Northern Technologies International

A number of hedge funds have recently modified their holdings of the business. Needham Investment Management LLC raised its position in shares of Northern Technologies International by 11.4% during the fourth quarter. Needham Investment Management LLC now owns 713,257 shares of the specialty chemicals company’s stock worth $5,585,000 after purchasing an additional 73,257 shares during the period. Rothschild Wealth LLC acquired a new stake in shares of Northern Technologies International during the fourth quarter worth about $1,330,000. North Star Investment Management Corp. acquired a new stake in shares of Northern Technologies International during the first quarter worth about $1,220,000. Peapod Lane Capital LLC raised its position in shares of Northern Technologies International by 64.6% during the fourth quarter. Peapod Lane Capital LLC now owns 142,621 shares of the specialty chemicals company’s stock worth $1,117,000 after purchasing an additional 55,987 shares during the period. Finally, Renaissance Technologies LLC raised its position in shares of Northern Technologies International by 15.0% during the fourth quarter. Renaissance Technologies LLC now owns 126,377 shares of the specialty chemicals company’s stock worth $990,000 after purchasing an additional 16,500 shares during the period. Institutional investors and hedge funds 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.