Northern Technologies International Corporation (NASDAQ:NTIC - Get Free Report)'s share price crossed above its 200-day moving average during trading on Friday . The stock has a 200-day moving average of $8.37 and traded as high as $8.42. Northern Technologies International shares last traded at $8.42, with a volume of 815 shares.
Wall Street Analyst Weigh In
A number of equities research analysts have recently weighed in on NTIC shares. Zacks Research downgraded shares of Northern Technologies International from a "hold" rating to a "strong sell" rating in a research note on Friday, July 10th. Weiss Ratings restated a "sell (d)" rating on shares of Northern Technologies International in a research report on Wednesday, June 24th. Two research analysts have rated the stock with a Sell rating, Based on data from MarketBeat, Northern Technologies International presently has an average rating of "Sell".
Get Our Latest Report on Northern Technologies International
Northern Technologies International Stock Performance
The company's fifty day moving average is $8.22 and its 200 day moving average is $8.37. The company has a current ratio of 1.72, a quick ratio of 1.15 and a debt-to-equity ratio of 0.01. The company has a market capitalization of $79.99 million, a P/E ratio of -70.17 and a beta of 0.17.
Northern Technologies International (NASDAQ:NTIC - Get Free Report) last posted its earnings results on Thursday, July 9th. The specialty chemicals company reported ($0.02) earnings per share for the quarter, missing analysts' consensus estimates of $0.04 by ($0.06). Northern Technologies International had a negative return on equity of 0.45% and a negative net margin of 1.26%.The firm had revenue of $24.22 million for the quarter, compared to the consensus estimate of $23.40 million. As a group, equities analysts anticipate that Northern Technologies International Corporation will post 0.1 earnings per share for the current year.
Insider Buying and Selling at Northern Technologies International
In other Northern Technologies International news, Director Richard Nigon sold 12,000 shares of the stock in a transaction on Monday, July 20th. The stock was sold at an average price of $8.00, for a total value of $96,000.00. Following the completion of the sale, the director owned 47,148 shares in the company, valued at approximately $377,184. This represents a 20.29% decrease in their position. The sale was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, CEO G Patrick Lynch sold 16,070 shares of Northern Technologies International stock in a transaction that occurred on Thursday, July 30th. The shares were sold at an average price of $8.00, for a total value of $128,560.00. Following the sale, the chief executive officer directly owned 105,284 shares in the company, valued at $842,272. This trade represents a 13.24% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Insiders have sold 28,072 shares of company stock valued at $224,576 over the last 90 days. Corporate insiders own 24.90% of the company's stock.
Institutional Trading of Northern Technologies International
A number of institutional investors have recently bought and sold shares of the stock. Osaic Holdings Inc. grew its stake in Northern Technologies International by 1,124.1% in the second quarter. Osaic Holdings Inc. now owns 3,501 shares of the specialty chemicals company's stock valued at $26,000 after purchasing an additional 3,215 shares during the last quarter. Qube Research & Technologies Ltd acquired a new position in shares of Northern Technologies International in the 2nd quarter valued at $88,000. XTX Topco Ltd purchased a new stake in Northern Technologies International during the fourth quarter worth $96,000. Arrowstreet Capital Limited Partnership acquired a new position in shares of Northern Technologies International during the 2nd quarter worth approximately $130,000. Finally, Squarepoint Ops LLC raised its position in shares of Northern Technologies International by 57.5% during the 3rd quarter. Squarepoint Ops LLC now owns 23,011 shares of the specialty chemicals company's stock worth $177,000 after purchasing an additional 8,401 shares during the last quarter. 32.88% of the stock is currently owned by institutional investors.
About Northern Technologies International
(
Get Free Report)
Northern Technologies International Corporation NASDAQ: NTIC is a Minnesota‐based specialty chemical company that develops, manufactures and markets environmentally responsible corrosion prevention and metal surface treatment products. The company's solutions include volatile corrosion inhibitor (VCI) films, emitters, powders and liquids designed to protect ferrous and non‐ferrous metals in industrial, aerospace, defense, electronics and automotive applications. In addition, NTIC offers packaging materials, engineered coatings and specialty pretreatment chemicals that meet stringent environmental regulations while extending equipment life and reducing maintenance costs.
NTIC serves a diversified global customer base, including metal fabricators, automotive suppliers, electronics manufacturers and oil and gas producers.
Featured Articles
This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest reporting and unbiased coverage. Please send any questions or comments about this story to contact@marketbeat.com.
Continue following MarketBeat
Add MarketBeat as your preferred source on Google to see our latest stories in your feed.
Before you consider Northern Technologies International, you'll want to hear this.
MarketBeat keeps track of Wall Street's top-rated and best performing research analysts and the stocks they recommend to their clients on a daily basis. MarketBeat has identified the five stocks that top analysts are quietly whispering to their clients to buy now before the broader market catches on... and Northern Technologies International wasn't on the list.
While Northern Technologies International currently has a Sell rating among analysts, top-rated analysts believe these five stocks are better buys.
View The Five Stocks Here
The AI wave will soon hit public markets with Anthropic and OpenAI set to go public later this year. However, you don't have to wait to invest. This report shows seven AI stocks that you can buy today while the big model providers get ready to go public.
Get This Free Report
Like this article? Share it with a colleague.
Link copied to clipboard.
