Northern Technologies International (NASDAQ:NTIC) Shares Pass Above 200-Day Moving Average - Here's What Happened

Key Points

• Northern Technologies International Corporation's stock price rose above its 200-day moving average of $8.10, peaking at $8.15 during trading, although it last traded at $7.91.
• The company reported quarterly earnings with an EPS of $0.02, missing analysts' estimates, but with revenue of $21.51 million, surpassing expectations.
• Northern Technologies declared a quarterly dividend of $0.01 per share, resulting in an annualized dividend yield of 0.5%.

Northern Technologies International Corporation (NASDAQ:NTIC - Get Free Report)'s share price crossed above its 200-day moving average during trading on Monday . The stock has a 200-day moving average of $8.10 and traded as high as $8.15. Northern Technologies International shares last traded at $7.91, with a volume of 28,127 shares changing hands.

Analyst Upgrades and Downgrades

Separately, Wall Street Zen upgraded Northern Technologies International from a "sell" rating to a "hold" rating in a research note on Saturday, September 13th.

Northern Technologies International Stock Up 2.5%

The company has a market capitalization of $74.91 million, a P/E ratio of 26.37 and a beta of 0.30. The business has a 50 day simple moving average of $7.68 and a 200-day simple moving average of $8.10.

Northern Technologies International (NASDAQ:NTIC - Get Free Report) last issued its quarterly earnings results on Thursday, July 10th. The specialty chemicals company reported $0.02 EPS for the quarter, missing analysts' consensus estimates of $0.04 by ($0.02). The business had revenue of $21.51 million for 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 3.38%. During the same period last year, the business posted $0.11 earnings per share. Equities analysts forecast that Northern Technologies International Corporation will post 0.56 EPS for the current fiscal year.

Northern Technologies International Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Wednesday, August 13th. Stockholders of record on Wednesday, July 30th were issued 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 of this dividend was Wednesday, July 30th. Northern Technologies International's dividend payout ratio (DPR) is 13.33%.

Institutional Inflows and Outflows

A number of hedge funds have recently bought and sold shares of the company. Diamond Hill Capital Management Inc. grew its holdings in 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 acquiring an additional 3,713 shares during the period. Peapod Lane Capital LLC acquired a new position in Northern Technologies International during the second quarter worth about $486,000. RBF Capital LLC grew its holdings in Northern Technologies International by 164.0% during the second quarter. RBF Capital LLC now owns 64,390 shares of the specialty chemicals company's stock worth $477,000 after acquiring an additional 40,000 shares during the period. Northern Trust Corp grew its holdings in Northern Technologies International by 4.0% during the fourth quarter. Northern Trust Corp now owns 62,565 shares of the specialty chemicals company's stock worth $844,000 after acquiring an additional 2,420 shares during the period. Finally, Dynamic Advisor Solutions LLC grew its holdings in Northern Technologies International by 9.6% during the first quarter. Dynamic Advisor Solutions LLC now owns 57,719 shares of the specialty chemicals company's stock worth $601,000 after acquiring an additional 5,039 shares during the period. 32.88% of the stock is owned by institutional investors and hedge funds.

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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