Northern Technologies International (NASDAQ:NTIC) Stock Price Passes Above 200 Day Moving Average - Should You Sell?

Key Points

• Northern Technologies International's stock price exceeded its 200-day moving average for the first time, reaching a high of $8.31 before closing at $8.05.
• The company reported a net margin of 3.46% and earnings per share of $0.02, missing analysts' expectations by $0.02 in their latest earnings report.
• The stock currently holds an average analyst rating of "Sell," though one analyst has upgraded it to "Hold."

Northern Technologies International Corporation (NASDAQ:NTIC - Get Free Report)'s stock price crossed above its two hundred day moving average during trading on Tuesday . The stock has a two hundred day moving average of $7.86 and traded as high as $8.31. Northern Technologies International shares last traded at $8.05, with a volume of 21,556 shares traded.

Wall Street Analysts Forecast Growth

A number of equities analysts have recently commented on the stock. Weiss Ratings restated a "sell (d+)" rating on shares of Northern Technologies International in a research report on Saturday, September 27th. Wall Street Zen raised shares of Northern Technologies International from a "sell" rating to a "hold" rating in a report on Saturday, September 13th. One investment analyst has rated the stock with a Sell rating, Based on data from MarketBeat.com, the stock has an average rating of "Sell".

Northern Technologies International Price Performance

The firm has a market capitalization of $76.23 million, a P/E ratio of 26.83 and a beta of 0.31. The firm's 50 day simple moving average is $7.62 and its two-hundred day simple moving average is $7.86.

Northern Technologies International (NASDAQ:NTIC - Get Free Report) last released its earnings results on Thursday, July 10th. The specialty chemicals company reported $0.02 earnings per share for the quarter, missing analysts' consensus estimates of $0.04 by ($0.02). Northern Technologies International had a net margin of 3.46% and a return on equity of 3.38%. The company had revenue of $21.51 million during the quarter, compared to the consensus estimate of $20.70 million. During the same period last year, the firm posted $0.11 EPS. As a group, equities research analysts forecast that Northern Technologies International Corporation will post 0.56 EPS for the current year.

Northern Technologies International Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Wednesday, August 13th. Shareholders of record on Wednesday, July 30th were given a $0.01 dividend. The ex-dividend date was Wednesday, July 30th. This represents a $0.04 annualized dividend and a yield of 0.5%. Northern Technologies International's payout ratio is presently 13.33%.

Hedge Funds Weigh In On Northern Technologies International

Hedge funds and other institutional investors have recently modified their holdings of the company. Bank of America Corp DE raised its position in Northern Technologies International by 17.7% during the 4th quarter. Bank of America Corp DE now owns 12,089 shares of the specialty chemicals company's stock valued at $163,000 after purchasing an additional 1,817 shares during the last quarter. Dynamic Advisor Solutions LLC raised its position in Northern Technologies International by 9.6% during the 1st quarter. Dynamic Advisor Solutions LLC now owns 57,719 shares of the specialty chemicals company's stock valued at $601,000 after purchasing an additional 5,039 shares during the last quarter. Private Advisor Group LLC purchased a new stake in Northern Technologies International in the first quarter worth $130,000. Diamond Hill Capital Management Inc. lifted its stake in Northern Technologies International by 5.2% in 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. Finally, Navellier & Associates Inc. increased its position in Northern Technologies International by 150.0% during the 1st quarter. Navellier & Associates Inc. now owns 25,000 shares of the specialty chemicals company's stock valued at $260,000 after purchasing an additional 15,000 shares during the period. 32.88% of the stock is owned by institutional investors.

About Northern Technologies International

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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