StockNews.com Lowers Northern Technologies International (NASDAQ:NTIC) to Hold

Northern Technologies International (NASDAQ:NTIC) was downgraded by analysts at StockNews.com from a “buy” rating to a “hold” rating in a research report issued on Wednesday.

Other equities analysts also recently issued research reports about the company. TheStreet raised Northern Technologies International from a “c+” rating to a “b-” rating in a research report on Tuesday, February 27th. Northland Securities raised their price target on Northern Technologies International from $19.00 to $20.00 and gave the stock an “outperform” rating in a research report on Friday, April 12th.

Northern Technologies International Stock Performance

Northern Technologies International stock opened at $17.39 on Wednesday. The stock has a fifty day moving average of $13.93 and a two-hundred day moving average of $12.73. The company has a market capitalization of $163.99 million, a price-to-earnings ratio of 33.44 and a beta of 0.73. Northern Technologies International has a fifty-two week low of $10.08 and a fifty-two week high of $17.55.

Institutional Investors Weigh In On Northern Technologies International

Hedge funds and other institutional investors have recently made changes to their positions in the business. Sheets Smith Wealth Management boosted its holdings in Northern Technologies International by 2.7% in the third quarter. Sheets Smith Wealth Management now owns 43,434 shares of the specialty chemicals company’s stock valued at $581,000 after acquiring an additional 1,133 shares during the last quarter. CENTRAL TRUST Co acquired a new position in Northern Technologies International in the third quarter valued at $44,000. Diamond Hill Capital Management Inc. boosted its holdings in Northern Technologies International by 11.8% in the third quarter. Diamond Hill Capital Management Inc. now owns 38,000 shares of the specialty chemicals company’s stock valued at $508,000 after acquiring an additional 4,000 shares during the last quarter. Acadian Asset Management LLC boosted its holdings in 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 acquiring an additional 4,712 shares during the last quarter. Finally, Ballast Asset Management LP acquired a new position in Northern Technologies International in the third quarter valued at $2,911,000. 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.