Northern Technologies International Co. (NASDAQ:NTIC)’s share price hit a new 52-week low during trading on Tuesday . The stock traded as low as $24.02 and last traded at $24.02, with a volume of 554 shares traded. The stock had previously closed at $24.55.
Separately, ValuEngine raised shares of Northern Technologies International from a “sell” rating to a “hold” rating in a research report on Wednesday, January 2nd.
The stock has a market capitalization of $113.50 million, a P/E ratio of 17.48 and a beta of 1.08.
Northern Technologies International (NASDAQ:NTIC) last issued its quarterly earnings results on Friday, April 5th. The specialty chemicals company reported $0.30 EPS for the quarter. Northern Technologies International had a net margin of 13.04% and a return on equity of 12.70%. The firm had revenue of $13.32 million during the quarter. On average, research analysts predict that Northern Technologies International Co. will post 1.75 EPS for the current year.
Institutional investors have recently added to or reduced their stakes in the company. Bank of America Corp DE acquired a new stake in shares of Northern Technologies International in the fourth quarter worth $204,000. FMR LLC increased its position in shares of Northern Technologies International by 19.9% in the third quarter. FMR LLC now owns 36,704 shares of the specialty chemicals company’s stock worth $1,274,000 after acquiring an additional 6,098 shares in the last quarter. Quantum Capital Management grew its holdings in Northern Technologies International by 10.5% during the 4th quarter. Quantum Capital Management now owns 49,737 shares of the specialty chemicals company’s stock valued at $1,472,000 after purchasing an additional 4,722 shares in the last quarter. Renaissance Technologies LLC grew its holdings in Northern Technologies International by 43.6% during the 3rd quarter. Renaissance Technologies LLC now owns 59,900 shares of the specialty chemicals company’s stock valued at $2,079,000 after purchasing an additional 18,200 shares in the last quarter. Finally, Dimensional Fund Advisors LP grew its holdings in Northern Technologies International by 1.0% during the 4th quarter. Dimensional Fund Advisors LP now owns 172,473 shares of the specialty chemicals company’s stock valued at $5,103,000 after purchasing an additional 1,773 shares in the last quarter. 30.24% of the stock is owned by institutional investors.
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Northern Technologies International Company Profile (NASDAQ:NTIC)
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.
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