Northern Technologies International (NASDAQ:NTIC) Receives New Coverage from Analysts at StockNews.com

StockNews.com started coverage on shares of Northern Technologies International (NASDAQ:NTICGet Rating) in a research note published on Monday morning. The brokerage issued a hold rating on the specialty chemicals company’s stock.

A number of other research firms have also commented on NTIC. TheStreet lowered shares of Northern Technologies International from a b rating to a c+ rating in a research report on Monday, November 14th. Northland Securities raised their price target on shares of Northern Technologies International to $21.00 in a research report on Thursday, November 17th.

Northern Technologies International Stock Performance

NASDAQ:NTIC opened at $13.48 on Monday. Northern Technologies International has a 52 week low of $9.05 and a 52 week high of $16.77. The firm has a market cap of $126.31 million, a price-to-earnings ratio of 20.42 and a beta of 0.96. The firm’s 50-day simple moving average is $12.83 and its 200 day simple moving average is $11.57.

Northern Technologies International Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Wednesday, November 16th. Shareholders of record on Thursday, November 3rd were issued a $0.07 dividend. This represents a $0.28 annualized dividend and a yield of 2.08%. The ex-dividend date of this dividend was Wednesday, November 2nd. Northern Technologies International’s dividend payout ratio is currently 42.42%.

Hedge Funds Weigh In On Northern Technologies International

Several hedge funds have recently bought and sold shares of the company. Rutabaga Capital Management LLC MA increased its holdings in Northern Technologies International by 20.5% in the 3rd quarter. Rutabaga Capital Management LLC MA now owns 387,416 shares of the specialty chemicals company’s stock valued at $5,157,000 after buying an additional 65,817 shares during the period. Meros Investment Management LP increased its holdings in Northern Technologies International by 7.3% in the 1st quarter. Meros Investment Management LP now owns 206,479 shares of the specialty chemicals company’s stock valued at $2,481,000 after buying an additional 14,119 shares during the period. Essex Investment Management Co. LLC increased its holdings in Northern Technologies International by 2.5% in the 1st quarter. Essex Investment Management Co. LLC now owns 49,181 shares of the specialty chemicals company’s stock valued at $591,000 after buying an additional 1,201 shares during the period. State Street Corp increased its holdings 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 buying an additional 2,512 shares during the period. Finally, Compass Ion Advisors LLC increased its holdings in Northern Technologies International by 8.6% in the 2nd quarter. Compass Ion Advisors LLC now owns 14,907 shares of the specialty chemicals company’s stock valued at $139,000 after buying an additional 1,183 shares during the period. 34.86% of the stock is owned by institutional investors.

Northern Technologies International Company Profile

(Get Rating)

Northern Technologies International Corporation develops and markets rust and corrosion inhibiting products and services 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.

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