Northern Technologies International (NASDAQ:NTIC) Share Price Crosses Above 200-Day Moving Average – Here’s What Happened

Northern Technologies International Co. (NASDAQ:NTIC)’s share price crossed above its 200-day moving average during trading on Thursday . The stock has a 200-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 traded.

Northern Technologies International Trading Up 1.2 %

The business has a 50 day moving average of $13.13 and a 200-day moving average of $13.90. The stock has a market cap of $131.35 million, a PE ratio of 25.22 and a beta of 0.63.

Northern Technologies International Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Wednesday, November 13th. Investors of record on Wednesday, October 30th were given a dividend of $0.07 per share. This represents a $0.28 dividend on an annualized basis and a yield of 2.02%. The ex-dividend date of this dividend was Wednesday, October 30th. Northern Technologies International’s dividend payout ratio is presently 50.91%.

Institutional Inflows and Outflows

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

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.