Northern Technologies International (NASDAQ:NTIC) Share Price Crosses Above 200-Day Moving Average of $14.69

Northern Technologies International Co. (NASDAQ:NTIC) shares crossed above its 200-day moving average during trading on Monday . The stock has a 200-day moving average of $14.69 and traded as high as $17.05. Northern Technologies International shares last traded at $16.60, with a volume of 79,283 shares traded.

Wall Street Analyst Weigh In

Several equities research analysts recently issued reports on the company. StockNews.com upgraded Northern Technologies International from a “hold” rating to a “buy” rating in a report on Monday, June 24th. Northland Securities lifted their price target on Northern Technologies International from $19.00 to $20.00 and gave the stock an “outperform” rating in a research note on Friday, April 12th.

Northern Technologies International Stock Up 0.2 %

The stock’s 50-day moving average price is $17.62 and its 200 day moving average price is $14.69. The firm has a market capitalization of $156.54 million, a price-to-earnings ratio of 31.92 and a beta of 0.62.

Northern Technologies International (NASDAQ:NTIC) last released its quarterly earnings data on Thursday, April 11th. The specialty chemicals company reported $0.18 EPS for the quarter, beating analysts’ consensus estimates of $0.17 by $0.01. Northern Technologies International had a net margin of 6.12% and a return on equity of 6.68%. The company had revenue of $20.84 million during the quarter, compared to the consensus estimate of $21.20 million. On average, sell-side analysts anticipate that Northern Technologies International Co. will post 0.78 earnings per share for the current year.

Northern Technologies International Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Wednesday, May 15th. Shareholders of record on Wednesday, May 1st were paid a dividend of $0.07 per share. This represents a $0.28 dividend on an annualized basis and a yield of 1.69%. The ex-dividend date of this dividend was Tuesday, April 30th. Northern Technologies International’s dividend payout ratio (DPR) is currently 53.85%.

Hedge Funds Weigh In On Northern Technologies International

Institutional investors have recently bought and sold shares of the company. Penn Mutual Asset Management LLC increased its position in shares of Northern Technologies International by 40.8% during the 4th quarter. Penn Mutual Asset Management LLC now owns 23,860 shares of the specialty chemicals company’s stock worth $281,000 after purchasing an additional 6,910 shares during the last quarter. Sheets Smith Wealth Management boosted its stake in Northern Technologies International by 27.3% during the fourth quarter. Sheets Smith Wealth Management now owns 55,311 shares of the specialty chemicals company’s stock worth $652,000 after buying an additional 11,877 shares during the period. Victory Capital Management Inc. acquired a new stake in shares of Northern Technologies International during the fourth quarter valued at about $83,000. Dynamic Advisor Solutions LLC raised its stake in shares of Northern Technologies International by 10.9% in the 4th quarter. Dynamic Advisor Solutions LLC now owns 26,724 shares of the specialty chemicals company’s stock valued at $317,000 after acquiring an additional 2,634 shares during the period. Finally, Connors Investor Services Inc. acquired a new position in shares of Northern Technologies International in the 3rd quarter worth approximately $139,000. 32.88% of the stock is owned by hedge funds and other 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.