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

Northern Technologies International Co. (NASDAQ:NTIC) passed above its two hundred day moving average during trading on Thursday . The stock has a two hundred day moving average of $13.90 and traded as high as $13.96. Northern Technologies International shares last traded at $13.87, with a volume of 11,086 shares changing hands.

Northern Technologies International Stock Up 3.6 %

The firm has a 50-day moving average price of $13.13 and a two-hundred day moving average price of $13.90. The firm has a market cap of $136.08 million, a PE ratio of 26.13 and a beta of 0.63.

Northern Technologies International Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Wednesday, November 13th. Shareholders of record on Wednesday, October 30th were paid a $0.07 dividend. This represents a $0.28 dividend on an annualized basis and a yield of 1.95%. The ex-dividend date of this dividend was Wednesday, October 30th. Northern Technologies International’s dividend payout ratio (DPR) is 50.91%.

Institutional Investors Weigh In On Northern Technologies International

Several hedge funds and other institutional investors have recently bought and sold shares of NTIC. Rhumbline Advisers purchased a new stake in shares of Northern Technologies International during the 2nd quarter valued at approximately $114,000. BNP Paribas Financial Markets lifted its stake in shares of Northern Technologies International by 392.7% in the 3rd quarter. BNP Paribas Financial Markets now owns 13,962 shares of the specialty chemicals company’s stock valued at $172,000 after purchasing an additional 11,128 shares during the last quarter. Panagora Asset Management Inc. acquired a new stake in shares of Northern Technologies International during the 2nd quarter worth about $175,000. Barclays PLC raised its holdings in Northern Technologies International by 78.4% in the 3rd quarter. Barclays PLC now owns 14,864 shares of the specialty chemicals company’s stock valued at $182,000 after buying an additional 6,533 shares during the period. Finally, Ritholtz Wealth Management acquired a new position in Northern Technologies International in the second quarter valued at about $251,000. 32.88% of the stock is currently owned by institutional investors and hedge funds.

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.