Northern Technologies International (NASDAQ:NTIC) Stock Rating Upgraded by StockNews.com

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

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

Northern Technologies International Stock Performance

Shares of NASDAQ:NTIC traded up $0.05 during midday trading on Thursday, reaching $13.45. The company had a trading volume of 1,268 shares, compared to its average volume of 10,921. The company has a fifty day simple moving average of $13.53 and a two-hundred day simple moving average of $12.58. The firm has a market cap of $126.83 million, a price-to-earnings ratio of 30.57 and a beta of 0.71. Northern Technologies International has a 1-year low of $10.08 and a 1-year high of $14.97.

Northern Technologies International (NASDAQ:NTIC) last announced 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 during the quarter, compared to analyst estimates of $21.00 million. During the same quarter in the previous year, the business earned $0.06 earnings per share. Analysts expect that Northern Technologies International will post 0.75 EPS for the current year.

Institutional Inflows and Outflows

Several hedge funds have recently bought and sold shares of NTIC. Meros Investment Management LP grew its position in shares of Northern Technologies International by 7.3% in the first quarter. Meros Investment Management LP now owns 206,479 shares of the specialty chemicals company’s stock valued at $2,481,000 after purchasing an additional 14,119 shares during the last quarter. State Street Corp raised its position in Northern Technologies International by 15.0% in the 1st quarter. State Street Corp now owns 19,227 shares of the specialty chemicals company’s stock valued at $231,000 after purchasing an additional 2,512 shares during the last quarter. Salem Investment Counselors Inc. lifted its position in Northern Technologies International by 234.7% during the 2nd quarter. Salem Investment Counselors Inc. now owns 3,708 shares of the specialty chemicals company’s stock worth $35,000 after buying an additional 2,600 shares in the last quarter. Dimensional Fund Advisors LP lifted its position in shares of Northern Technologies International by 0.9% during the fourth quarter. Dimensional Fund Advisors LP now owns 340,233 shares of the specialty chemicals company’s stock worth $4,528,000 after purchasing an additional 3,089 shares in the last quarter. Finally, Geode Capital Management LLC increased its holdings in shares of Northern Technologies International by 1.6% in the fourth quarter. Geode Capital Management LLC now owns 63,719 shares of the specialty chemicals company’s stock valued at $848,000 after purchasing an additional 977 shares in the last quarter. 32.88% of the stock is owned by institutional investors and hedge funds.

About Northern Technologies International

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.