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

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

Separately, Northland Securities raised their price objective on shares of Northern Technologies International from $19.00 to $20.00 and gave the stock an “outperform” rating in a report on Friday, April 12th.

Northern Technologies International Trading Down 11.0 %

NASDAQ:NTIC traded down $1.73 during mid-day trading on Thursday, hitting $13.98. The company’s stock had a trading volume of 177,065 shares, compared to its average volume of 38,572. Northern Technologies International has a fifty-two week low of $10.08 and a fifty-two week high of $19.63. The company has a market capitalization of $131.83 million, a price-to-earnings ratio of 26.89 and a beta of 0.62. The stock has a fifty day moving average of $17.38 and a 200-day moving average of $14.88.

Northern Technologies International (NASDAQ:NTIC) last posted its quarterly earnings data on Thursday, April 11th. The specialty chemicals company reported $0.18 earnings per share for the quarter, topping the consensus estimate of $0.17 by $0.01. The company had revenue of $20.84 million during the quarter, compared to analyst estimates of $21.20 million. Northern Technologies International had a net margin of 6.12% and a return on equity of 6.68%. On average, equities analysts anticipate that Northern Technologies International will post 0.78 earnings per share for the current fiscal year.

Institutional Trading of Northern Technologies International

A number of hedge funds and other institutional investors have recently modified their holdings of the stock. Victory Capital Management Inc. bought a new position in Northern Technologies International in the fourth quarter valued at approximately $83,000. Penn Mutual Asset Management LLC boosted its stake in Northern Technologies International by 40.8% in the fourth quarter. Penn Mutual Asset Management LLC now owns 23,860 shares of the specialty chemicals company’s stock valued at $281,000 after acquiring an additional 6,910 shares during the last quarter. Dynamic Advisor Solutions LLC boosted its stake in Northern Technologies International by 10.9% in the fourth quarter. Dynamic Advisor Solutions LLC now owns 26,724 shares of the specialty chemicals company’s stock valued at $317,000 after acquiring an additional 2,634 shares during the last quarter. Finally, Sheets Smith Wealth Management boosted its stake in Northern Technologies International by 27.3% in the fourth quarter. Sheets Smith Wealth Management now owns 55,311 shares of the specialty chemicals company’s stock valued at $652,000 after acquiring an additional 11,877 shares during the last quarter. Institutional investors and hedge funds own 32.88% of the company’s stock.

Northern Technologies International Company Profile

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.