Northern Technologies International (NASDAQ:NTIC) Stock Price Crosses Above 200-Day Moving Average – Time to Sell?

Northern Technologies International Co. (NASDAQ:NTIC) passed above its 200-day moving average during trading on Wednesday . The stock has a 200-day moving average of $13.59 and traded as high as $13.84. Northern Technologies International shares last traded at $13.82, with a volume of 4,342 shares trading hands.

Northern Technologies International Price Performance

The company’s 50 day moving average is $13.38 and its 200 day moving average is $13.59. The stock has a market cap of $130.88 million, a price-to-earnings ratio of 25.13 and a beta of 0.63.

Northern Technologies International Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Wednesday, November 13th. Stockholders of record on Wednesday, October 30th were paid a dividend of $0.07 per share. This represents a $0.28 annualized dividend and a dividend yield of 2.03%. The ex-dividend date of this dividend was Wednesday, October 30th. Northern Technologies International’s dividend payout ratio (DPR) is 50.91%.

Hedge Funds Weigh In On Northern Technologies International

Several hedge funds have recently bought and sold shares of the company. Rhumbline Advisers acquired a new stake in Northern Technologies International in the second quarter valued at $114,000. Panagora Asset Management Inc. acquired a new stake in Northern Technologies International in the 2nd quarter valued at about $175,000. BNP Paribas Financial Markets increased its holdings in Northern Technologies International by 392.7% during the 3rd quarter. BNP Paribas Financial Markets now owns 13,962 shares of the specialty chemicals company’s stock valued at $172,000 after acquiring an additional 11,128 shares in the last quarter. Barclays PLC raised its position in Northern Technologies International by 78.4% during the third quarter. Barclays PLC now owns 14,864 shares of the specialty chemicals company’s stock worth $182,000 after acquiring an additional 6,533 shares during the last quarter. Finally, Ritholtz Wealth Management purchased a new stake in shares of Northern Technologies International in the second quarter valued at about $251,000. 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.