TheStreet Lowers Northern Technologies International (NASDAQ:NTIC) to C+

TheStreet lowered shares of Northern Technologies International (NASDAQ:NTIC) from a b- rating to a c+ rating in a research report report published on Tuesday, TheStreetRatingsTable reports.

Several other research firms have also commented on NTIC. Zacks Investment Research lowered shares of Northern Technologies International from a hold rating to a sell rating in a research report on Tuesday, March 10th. ValuEngine lowered shares of Northern Technologies International from a buy rating to a hold rating in a research report on Thursday, December 5th.

NTIC stock opened at $7.00 on Tuesday. Northern Technologies International has a 52 week low of $4.70 and a 52 week high of $14.88. The company has a fifty day simple moving average of $11.04 and a two-hundred day simple moving average of $12.44. The firm has a market capitalization of $60.95 million, a P/E ratio of 13.21 and a beta of 1.17.

Northern Technologies International (NASDAQ:NTIC) last released its quarterly earnings data on Tuesday, January 7th. The specialty chemicals company reported $0.13 EPS for the quarter, meeting the Thomson Reuters’ consensus estimate of $0.13. Northern Technologies International had a net margin of 8.75% and a return on equity of 8.26%. The business had revenue of $14.63 million during the quarter, compared to analyst estimates of $15.00 million. Research analysts anticipate that Northern Technologies International will post 0.4 EPS for the current fiscal year.

Hedge funds have recently added to or reduced their stakes in the business. Acadian Asset Management LLC raised its stake in shares of Northern Technologies International by 59.2% in the fourth quarter. Acadian Asset Management LLC now owns 2,825 shares of the specialty chemicals company’s stock valued at $40,000 after acquiring an additional 1,051 shares during the period. Rutabaga Capital Management LLC MA raised its stake in shares of Northern Technologies International by 0.5% in the fourth quarter. Rutabaga Capital Management LLC MA now owns 328,381 shares of the specialty chemicals company’s stock valued at $4,617,000 after acquiring an additional 1,500 shares during the period. Essex Investment Management Co. LLC raised its stake in shares of Northern Technologies International by 3.7% in the fourth quarter. Essex Investment Management Co. LLC now owns 63,352 shares of the specialty chemicals company’s stock valued at $891,000 after acquiring an additional 2,260 shares during the period. Renaissance Technologies LLC raised its stake in shares of Northern Technologies International by 2.6% in the fourth quarter. Renaissance Technologies LLC now owns 121,902 shares of the specialty chemicals company’s stock valued at $1,714,000 after acquiring an additional 3,100 shares during the period. Finally, California Public Employees Retirement System raised its stake in shares of Northern Technologies International by 100.0% in the third quarter. California Public Employees Retirement System now owns 21,400 shares of the specialty chemicals company’s stock valued at $270,000 after acquiring an additional 10,700 shares during the period. Institutional investors and hedge funds own 33.96% of the company’s stock.

Northern Technologies International Company Profile

Northern Technologies International Corporation develops and markets rust and corrosion inhibiting products and services to automotive, electronics, electrical, mechanical, military, retail consumer, and oil and gas markets. 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.

Featured Story: What are Institutional Investors?

Receive News & Ratings for Northern Technologies International Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Northern Technologies International and related companies with MarketBeat.com's FREE daily email newsletter.