Northern Technologies International (NASDAQ:NTIC) Posts Quarterly Earnings Results, Misses Estimates By $0.14 EPS

Northern Technologies International (NASDAQ:NTIC) released its quarterly earnings data on Tuesday. The specialty chemicals company reported ($0.06) earnings per share for the quarter, missing the consensus estimate of $0.08 by ($0.14), Zacks reports. Northern Technologies International had a net margin of 3.46% and a return on equity of 3.38%.

Northern Technologies International Stock Performance

NTIC stock opened at $7.95 on Tuesday. Northern Technologies International has a one year low of $6.75 and a one year high of $15.09. The firm has a market cap of $75.32 million, a price-to-earnings ratio of 26.50 and a beta of 0.29. The firm has a 50-day simple moving average of $7.80 and a two-hundred day simple moving average of $7.66.

Northern Technologies International Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Wednesday, November 12th. Shareholders of record on Wednesday, October 29th were issued a $0.01 dividend. The ex-dividend date was Wednesday, October 29th. This represents a $0.04 dividend on an annualized basis and a yield of 0.5%. Northern Technologies International’s payout ratio is currently 13.33%.

Analysts Set New Price Targets

A number of research firms have commented on NTIC. Wall Street Zen raised shares of Northern Technologies International from a “sell” rating to a “hold” rating in a research report on Saturday, September 13th. Weiss Ratings reiterated a “sell (d+)” rating on shares of Northern Technologies International in a research note on Wednesday, October 8th. One research analyst has rated the stock with a Sell rating, According to data from MarketBeat.com, the stock has an average rating of “Sell”.

Institutional Inflows and Outflows

Several large investors have recently modified their holdings of NTIC. Osaic Holdings Inc. lifted its position in Northern Technologies International by 1,124.1% during the second quarter. Osaic Holdings Inc. now owns 3,501 shares of the specialty chemicals company’s stock valued at $26,000 after acquiring an additional 3,215 shares during the last quarter. Qube Research & Technologies Ltd acquired a new position in shares of Northern Technologies International during the second quarter worth $88,000. Arrowstreet Capital Limited Partnership purchased a new stake in shares of Northern Technologies International during the 2nd quarter valued at $130,000. Squarepoint Ops LLC lifted its holdings in shares of Northern Technologies International by 57.5% during the 3rd quarter. Squarepoint Ops LLC now owns 23,011 shares of the specialty chemicals company’s stock valued at $177,000 after purchasing an additional 8,401 shares during the last quarter. Finally, Jane Street Group LLC acquired a new stake in shares of Northern Technologies International in the 2nd quarter worth $190,000. Institutional investors own 32.88% of the company’s stock.

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.