Northern Technologies International (NASDAQ:NTIC) Now Covered by StockNews.com

Posted by on Apr 11th, 2023

Stock analysts at StockNews.com initiated coverage on shares of Northern Technologies International (NASDAQ:NTIC – Get Rating) in a research note issued on Tuesday. The brokerage set a “hold” rating on the specialty chemicals company’s stock.

Northern Technologies International Price Performance

NTIC opened at $11.80 on Tuesday. Northern Technologies International has a 1 year low of $9.05 and a 1 year high of $15.00. The stock has a 50-day moving average price of $12.48 and a 200-day moving average price of $12.79. The firm has a market cap of $110.57 million, a PE ratio of 47.20 and a beta of 0.86.

Northern Technologies International (NASDAQ:NTIC – Get Rating) last issued its earnings results on Thursday, January 12th. The specialty chemicals company reported $0.06 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.11 by ($0.05). Northern Technologies International had a return on equity of 4.18% and a net margin of 3.07%. The firm had revenue of $19.95 million during the quarter, compared to the consensus estimate of $19.50 million. As a group, sell-side analysts anticipate that Northern Technologies International will post 0.77 EPS for the current year.

Institutional Investors Weigh In On Northern Technologies International

Hedge funds have recently modified their holdings of the business. Geode Capital Management LLC raised its holdings in Northern Technologies International by 1.6% in the 4th quarter. Geode Capital Management LLC now owns 63,719 shares of the specialty chemicals company’s stock worth $848,000 after purchasing an additional 977 shares during the period. Dimensional Fund Advisors LP raised its stake in Northern Technologies International by 0.9% during the 4th quarter. Dimensional Fund Advisors LP now owns 340,233 shares of the specialty chemicals company’s stock worth $4,528,000 after acquiring an additional 3,089 shares during the period. Institutional & Family Asset Management LLC purchased a new position in Northern Technologies International during the fourth quarter valued at $48,000. Tradition Wealth Management LLC purchased a new position in Northern Technologies International during the fourth quarter valued at approximately $28,000. Finally, Rutabaga Capital Management LLC MA grew its position in Northern Technologies International by 20.5% during the 3rd quarter. Rutabaga Capital Management LLC MA now owns 387,416 shares of the specialty chemicals company’s stock worth $5,157,000 after purchasing an additional 65,817 shares during the last quarter. Institutional investors own 34.42% of the company’s stock.

Northern Technologies International Company Profile

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Northern Technologies International Corp. engages in the development and market of proprietary environmentally beneficial products and technical services. It operates through the Natur-Tec and Zerust segments. The Natur-Tec segment manufactures bio-degradable and bio-based plastics for industrial and consumer applications.

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