Weiss Ratings Reiterates "Sell (D+)" Rating for Northern Technologies International (NASDAQ:NTIC)

Key Points

• Weiss Ratings has reiterated a "Sell (D+)" rating for Northern Technologies International (NASDAQ: NTIC), indicating ongoing concerns regarding the company's stock performance.
• Shares of NTIC opened at $7.93 and are currently showing a 1.5% decline, with market analysts averaging a consensus rating of "Sell" for the company.
• Despite a recent upgrade from Wall Street Zen to a "hold" rating, Northern Technologies International reported earnings of $0.02 per share, missing analyst expectations for the last quarter.

Northern Technologies International (NASDAQ:NTIC - Get Free Report)'s stock had its "sell (d+)" rating reiterated by stock analysts at Weiss Ratings in a note issued to investors on Wednesday,Weiss Ratings reports.

Separately, 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 analyst has rated the stock with a Sell rating, Based on data from MarketBeat.com, Northern Technologies International has a consensus rating of "Sell".

Northern Technologies International Stock Down 1.5%

Shares of NTIC stock opened at $7.93 on Wednesday. The firm has a fifty day moving average of $7.63 and a 200-day moving average of $7.86. Northern Technologies International has a 12-month low of $6.75 and a 12-month high of $15.09. The company has a market capitalization of $75.13 million, a price-to-earnings ratio of 26.43 and a beta of 0.31.

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). The business had revenue of $21.51 million during the quarter, compared to the consensus estimate 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 EPS. On average, equities analysts expect that Northern Technologies International will post 0.56 EPS for the current year.

Institutional Investors Weigh In On Northern Technologies International

A number of institutional investors have recently added to or reduced their stakes in the business. Osaic Holdings Inc. lifted its position in shares of Northern Technologies International by 1,124.1% in the 2nd quarter. Osaic Holdings Inc. now owns 3,501 shares of the specialty chemicals company's stock worth $26,000 after purchasing an additional 3,215 shares during the period. Qube Research & Technologies Ltd acquired a new position in shares of Northern Technologies International during the 2nd quarter valued at $88,000. Nuveen LLC acquired a new position in shares of Northern Technologies International during the 1st quarter valued at $109,000. Private Advisor Group LLC acquired a new position in shares of Northern Technologies International during the 1st quarter valued at $130,000. Finally, Arrowstreet Capital Limited Partnership acquired a new position in shares of Northern Technologies International during the 2nd quarter valued at $130,000. 32.88% of the stock is owned by 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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