Northern Technologies International (NASDAQ:NTIC) Shares Cross Above Two Hundred Day Moving Average - Should You Sell?

Northern Technologies International Corporation (NASDAQ:NTIC - Get Free Report)'s stock price crossed above its two hundred day moving average during trading on Thursday . The stock has a two hundred day moving average of $7.64 and traded as high as $7.85. Northern Technologies International shares last traded at $7.80, with a volume of 44,894 shares traded.

Analyst Upgrades and Downgrades

NTIC has been the topic of a number of recent research reports. Weiss Ratings reiterated a "sell (d+)" rating on shares of Northern Technologies International in a research note on Wednesday, October 8th. Wall Street Zen upgraded shares of Northern Technologies International from a "sell" rating to a "hold" rating in a research note on Saturday, September 13th. One research analyst has rated the stock with a Sell rating, According to data from MarketBeat.com, Northern Technologies International currently has an average rating of "Sell".

Northern Technologies International Price Performance

The stock's 50 day moving average is $7.66 and its two-hundred day moving average is $7.64. The stock has a market capitalization of $73.87 million, a PE ratio of 26.00 and a beta of 0.31.

Northern Technologies International Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Wednesday, November 12th. Investors of record on Wednesday, October 29th will be paid a dividend of $0.01 per share. This represents a $0.04 dividend on an annualized basis and a dividend yield of 0.5%. The ex-dividend date is Wednesday, October 29th. Northern Technologies International's dividend payout ratio is presently 13.33%.

Institutional Trading of Northern Technologies International

A number of large investors have recently made changes to their positions in the company. Dynamic Advisor Solutions LLC increased its stake in shares of Northern Technologies International by 28.3% during the third quarter. Dynamic Advisor Solutions LLC now owns 86,932 shares of the specialty chemicals company's stock worth $670,000 after buying an additional 19,177 shares during the period. Diamond Hill Capital Management Inc. increased its stake in shares of Northern Technologies International by 5.2% during the first quarter. Diamond Hill Capital Management Inc. now owns 74,971 shares of the specialty chemicals company's stock worth $780,000 after buying an additional 3,713 shares during the period. Peapod Lane Capital LLC acquired a new position in Northern Technologies International in the second quarter valued at approximately $486,000. RBF Capital LLC boosted its holdings in Northern Technologies International by 164.0% in the second quarter. RBF Capital LLC now owns 64,390 shares of the specialty chemicals company's stock valued at $477,000 after purchasing an additional 40,000 shares in the last quarter. Finally, Sheets Smith Wealth Management boosted its holdings in Northern Technologies International by 4.1% in the second quarter. Sheets Smith Wealth Management now owns 48,948 shares of the specialty chemicals company's stock valued at $363,000 after purchasing an additional 1,948 shares in the last quarter. 32.88% of the stock is currently owned by hedge funds and other institutional investors.

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.

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