Northern Technologies International (NASDAQ:NTIC – Get Free Report) was upgraded by equities research analysts at StockNews.com from a “hold” rating to a “buy” rating in a research report issued to clients and investors on Monday.
A number of other research firms also recently commented on NTIC. Northland Securities boosted their price target on Northern Technologies International from $19.00 to $20.00 and gave the company an “outperform” rating in a research note on Friday, April 12th. TheStreet raised Northern Technologies International from a “c+” rating to a “b-” rating in a research note on Tuesday, February 27th.
Northern Technologies International Stock Performance
Northern Technologies International (NASDAQ:NTIC – Get Free Report) last announced its earnings results on Thursday, April 11th. The specialty chemicals company reported $0.18 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.17 by $0.01. The company had revenue of $20.84 million during the quarter, compared to analysts’ expectations of $21.20 million. Northern Technologies International had a net margin of 6.12% and a return on equity of 6.68%. Equities research analysts predict that Northern Technologies International will post 0.78 earnings per share for the current fiscal year.
Institutional Inflows and Outflows
Several institutional investors and hedge funds have recently made changes to their positions in NTIC. Acadian Asset Management LLC increased its stake in shares of Northern Technologies International by 30.6% in the third quarter. Acadian Asset Management LLC now owns 20,116 shares of the specialty chemicals company’s stock valued at $267,000 after buying an additional 4,712 shares during the period. Connors Investor Services Inc. bought a new stake in Northern Technologies International in the third quarter valued at approximately $139,000. Dynamic Advisor Solutions LLC boosted its holdings in Northern Technologies International by 10.9% in the fourth 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 last quarter. Victory Capital Management Inc. bought a new stake in Northern Technologies International in the fourth quarter valued at approximately $83,000. Finally, Sheets Smith Wealth Management boosted its holdings in Northern Technologies International by 27.3% in the fourth quarter. Sheets Smith Wealth Management now owns 55,311 shares of the specialty chemicals company’s stock valued at $652,000 after acquiring an additional 11,877 shares during the last quarter. Institutional investors and hedge funds own 32.88% of the company’s stock.
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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