Northern Technologies International (NASDAQ:NTIC) Receives New Coverage from Analysts at StockNews.com

StockNews.com started coverage on shares of Northern Technologies International (NASDAQ:NTICGet Rating) in a research note issued to investors on Monday morning. The firm issued a hold rating on the specialty chemicals company’s stock.

Other equities analysts have also issued research reports about the company. Northland Securities lifted their price target on Northern Technologies International to $21.00 in a research report on Thursday, November 17th. TheStreet lowered Northern Technologies International from a b rating to a c+ rating in a research report on Monday, November 14th.

Northern Technologies International Price Performance

NTIC opened at $13.48 on Monday. The stock has a 50-day moving average price of $12.83 and a 200-day moving average price of $11.57. The firm has a market cap of $126.31 million, a PE ratio of 20.42 and a beta of 0.96. Northern Technologies International has a 1 year low of $9.05 and a 1 year high of $16.77.

Northern Technologies International Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Wednesday, November 16th. Shareholders of record on Thursday, November 3rd were given a $0.07 dividend. This represents a $0.28 dividend on an annualized basis and a yield of 2.08%. The ex-dividend date was Wednesday, November 2nd. Northern Technologies International’s dividend payout ratio (DPR) is 42.42%.

Hedge Funds Weigh In On Northern Technologies International

A number of hedge funds have recently bought and sold shares of NTIC. Rutabaga Capital Management LLC MA raised its position in Northern Technologies International by 20.5% in the 3rd quarter. Rutabaga Capital Management LLC MA now owns 387,416 shares of the specialty chemicals company’s stock worth $5,157,000 after buying an additional 65,817 shares during the last quarter. Meros Investment Management LP raised its position in Northern Technologies International by 7.3% in the 1st quarter. Meros Investment Management LP now owns 206,479 shares of the specialty chemicals company’s stock worth $2,481,000 after buying an additional 14,119 shares during the last quarter. Salem Investment Counselors Inc. raised its position in Northern Technologies International by 234.7% in the 2nd quarter. Salem Investment Counselors Inc. now owns 3,708 shares of the specialty chemicals company’s stock worth $35,000 after buying an additional 2,600 shares during the last quarter. State Street Corp raised its position in Northern Technologies International by 15.0% in the 1st quarter. State Street Corp now owns 19,227 shares of the specialty chemicals company’s stock worth $231,000 after buying an additional 2,512 shares during the last quarter. Finally, Essex Investment Management Co. LLC raised its position in Northern Technologies International by 2.5% in the 1st quarter. Essex Investment Management Co. LLC now owns 49,181 shares of the specialty chemicals company’s stock worth $591,000 after buying an additional 1,201 shares during the last quarter. Hedge funds and other institutional investors own 34.86% of the company’s stock.

About Northern Technologies International

(Get Rating)

Northern Technologies International Corporation develops and markets rust and corrosion inhibiting products and services 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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