Northern Technologies International (NASDAQ:NTIC - Get Free Report) announced its quarterly earnings results on Thursday. The specialty chemicals company reported $0.02 earnings per share for the quarter, missing analysts' consensus estimates of $0.04 by ($0.02), Zacks reports. The company had revenue of $21.51 million during the quarter, compared to analyst estimates of $20.70 million. Northern Technologies International had a net margin of 3.46% and a return on equity of 3.41%. During the same quarter last year, the business earned $0.11 EPS.
Northern Technologies International Price Performance
Northern Technologies International stock traded down $0.11 during midday trading on Friday, hitting $8.76. 30,255 shares of the stock were exchanged, compared to its average volume of 29,461. Northern Technologies International has a 1 year low of $6.75 and a 1 year high of $15.09. The firm has a market cap of $82.96 million, a P/E ratio of 29.20 and a beta of 0.29. The company has a 50 day moving average price of $7.52 and a two-hundred day moving average price of $9.67.
Northern Technologies International Cuts Dividend
The firm also recently announced a quarterly dividend, which was paid on Wednesday, May 14th. Investors of record on Wednesday, April 30th were issued a dividend of $0.01 per share. The ex-dividend date was Wednesday, April 30th. This represents a $0.04 annualized dividend and a dividend yield of 0.46%. Northern Technologies International's payout ratio is 10.26%.
Analyst Ratings Changes
Separately, Wall Street Zen upgraded shares of Northern Technologies International from a "sell" rating to a "hold" rating in a report on Tuesday, May 6th.
Check Out Our Latest Research Report on NTIC
About Northern Technologies International
(
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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.
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