Northern Technologies International Corporation (NASDAQ:NTIC - Get Free Report) Director Richard Nigon sold 12,000 shares of Northern Technologies International stock in a transaction dated Monday, July 20th. The shares were sold at an average price of $8.00, for a total transaction of $96,000.00. Following the completion of the sale, the director owned 47,148 shares in the company, valued at approximately $377,184. This represents a 20.29% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link.
Northern Technologies International Trading Up 0.2%
Northern Technologies International stock opened at $8.05 on Wednesday. Northern Technologies International Corporation has a 52-week low of $7.14 and a 52-week high of $10.03. The company has a quick ratio of 1.15, a current ratio of 1.72 and a debt-to-equity ratio of 0.01. The firm has a market capitalization of $76.44 million, a price-to-earnings ratio of -67.08 and a beta of 0.17. The firm has a 50-day moving average price of $8.18 and a two-hundred day moving average price of $8.42.
Northern Technologies International (NASDAQ:NTIC - Get Free Report) last released its quarterly earnings results on Thursday, July 9th. The specialty chemicals company reported ($0.02) earnings per share for the quarter, missing analysts' consensus estimates of $0.04 by ($0.06). The business had revenue of $24.22 million for the quarter, compared to the consensus estimate of $23.40 million. Northern Technologies International had a negative net margin of 1.26% and a negative return on equity of 0.45%. Sell-side analysts expect that Northern Technologies International Corporation will post 0.1 earnings per share for the current year.
Analysts Set New Price Targets
A number of research analysts have issued reports on NTIC shares. Zacks Research lowered Northern Technologies International from a "hold" rating to a "strong sell" rating in a research report on Friday, July 10th. Weiss Ratings restated a "sell (d)" rating on shares of Northern Technologies International in a research note on Wednesday, June 24th. Two analysts have rated the stock with a Sell rating, According to MarketBeat, the company currently has an average rating of "Sell".
View Our Latest Report on Northern Technologies International
Hedge Funds Weigh In On Northern Technologies International
Several large investors have recently made changes to their positions in the business. Osaic Holdings Inc. grew its stake 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 last quarter. Qube Research & Technologies Ltd acquired a new stake in Northern Technologies International during the second quarter valued at approximately $88,000. XTX Topco Ltd bought a new stake in Northern Technologies International during the fourth quarter worth approximately $96,000. Arrowstreet Capital Limited Partnership acquired a new position in Northern Technologies International in the second quarter worth approximately $130,000. Finally, Squarepoint Ops LLC grew its position in Northern Technologies International by 57.5% in the third quarter. Squarepoint Ops LLC now owns 23,011 shares of the specialty chemicals company's stock worth $177,000 after buying an additional 8,401 shares during the last quarter. Institutional investors own 32.88% of the company's stock.
Northern Technologies International Company Profile
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Get Free Report)
Northern Technologies International Corporation (NASDAQ: NTIC) is a Minnesota‐based specialty chemical company that develops, manufactures and markets environmentally responsible corrosion prevention and metal surface treatment products. The company's solutions include volatile corrosion inhibitor (VCI) films, emitters, powders and liquids designed to protect ferrous and non‐ferrous metals in industrial, aerospace, defense, electronics and automotive applications. In addition, NTIC offers packaging materials, engineered coatings and specialty pretreatment chemicals that meet stringent environmental regulations while extending equipment life and reducing maintenance costs.
NTIC serves a diversified global customer base, including metal fabricators, automotive suppliers, electronics manufacturers and oil and gas producers.
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