StockNews.com Downgrades Northern Technologies International (NASDAQ:NTIC) to Sell

Northern Technologies International (NASDAQ:NTIC) was downgraded by stock analysts at StockNews.com from a “hold” rating to a “sell” rating in a research note issued to investors on Monday.

Northern Technologies International Trading Down 5.6 %

Shares of NASDAQ:NTIC traded down $0.43 on Monday, reaching $7.25. The company had a trading volume of 95,761 shares, compared to its average volume of 34,214. The firm has a market capitalization of $68.66 million, a PE ratio of 13.94 and a beta of 0.26. The firm’s 50 day simple moving average is $10.82 and its 200-day simple moving average is $12.27. Northern Technologies International has a 52-week low of $7.15 and a 52-week high of $19.63.

Northern Technologies International (NASDAQ:NTIC) last posted its quarterly earnings results on Thursday, April 10th. The specialty chemicals company reported ($0.03) earnings per share for the quarter, missing the consensus estimate of $0.06 by ($0.09). The firm had revenue of $19.07 million for the quarter, compared to analysts’ expectations of $20.20 million. Northern Technologies International had a net margin of 5.89% and a return on equity of 7.48%. During the same quarter in the previous year, the firm posted $0.17 EPS. As a group, equities research analysts predict that Northern Technologies International will post 0.56 earnings per share for the current year.

Hedge Funds Weigh In On Northern Technologies International

Hedge funds and other institutional investors have recently made changes to their positions in the stock. Wells Fargo & Company MN boosted its position in shares of Northern Technologies International by 51.8% during the 4th quarter. Wells Fargo & Company MN now owns 3,677 shares of the specialty chemicals company’s stock worth $50,000 after acquiring an additional 1,254 shares in the last quarter. Manatuck Hill Partners LLC purchased a new stake in Northern Technologies International in the 4th quarter valued at $139,000. JPMorgan Chase & Co. boosted its stake in shares of Northern Technologies International by 98.9% during the third quarter. JPMorgan Chase & Co. now owns 11,720 shares of the specialty chemicals company’s stock worth $144,000 after buying an additional 5,828 shares during the period. Ritholtz Wealth Management acquired a new stake in Northern Technologies International during the 4th quarter worth approximately $146,000. Finally, Bank of America Corp DE grew its position in Northern Technologies International by 17.7% in 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 buying an additional 1,817 shares during the last quarter. Hedge funds and other institutional investors own 32.88% of the company’s stock.

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.