Northern Technologies International (NASDAQ:NTIC) Share Price Crosses Above Two Hundred Day Moving Average – Time to Sell?

Northern Technologies International Corporation (NASDAQ:NTIC)’s share price passed above its 200-day moving average during trading on Friday . The stock has a 200-day moving average of $8.37 and traded as high as $8.42. Northern Technologies International shares last traded at $8.42, with a volume of 815 shares trading hands.

Wall Street Analyst Weigh In

Several research analysts have weighed in on the stock. Zacks Research lowered shares of Northern Technologies International from a “hold” rating to a “strong sell” rating in a research note on Friday, July 10th. Weiss Ratings reissued a “sell (d)” rating on shares of Northern Technologies International in a research note on Wednesday, June 24th. Two equities research analysts have rated the stock with a Sell rating, Based on data from MarketBeat.com, the company has an average rating of “Sell”.

Northern Technologies International Stock Performance

The stock’s 50-day simple moving average is $8.22 and its 200 day simple moving average is $8.37. The company has a market cap of $79.99 million, a PE ratio of -70.17 and a beta of 0.17. The company has a debt-to-equity ratio of 0.01, a quick ratio of 1.15 and a current ratio of 1.72.

Northern Technologies International (NASDAQ:NTIC) last issued its quarterly earnings data on Thursday, July 9th. The specialty chemicals company reported ($0.02) EPS for the quarter, missing analysts’ consensus estimates of $0.04 by ($0.06). Northern Technologies International had a negative net margin of 1.26% and a negative return on equity of 0.45%. The business had revenue of $24.22 million during the quarter, compared to analyst estimates of $23.40 million. As a group, equities analysts anticipate that Northern Technologies International Corporation will post 0.1 EPS for the current year.

Insider Activity at Northern Technologies International

In related news, Director Richard Nigon sold 12,000 shares of the firm’s stock in a transaction on Monday, July 20th. The shares were sold at an average price of $8.00, for a total transaction of $96,000.00. Following the completion of the sale, the director directly owned 47,148 shares of the company’s stock, valued at approximately $377,184. This trade represents a 20.29% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, CEO G Patrick Lynch sold 16,070 shares of the company’s stock in a transaction on Thursday, July 30th. The shares were sold at an average price of $8.00, for a total transaction of $128,560.00. Following the completion of the sale, the chief executive officer directly owned 105,284 shares in the company, valued at $842,272. This represents a 13.24% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Over the last quarter, insiders have sold 28,072 shares of company stock valued at $224,576. 24.90% of the stock is owned by insiders.

Institutional Trading of Northern Technologies International

A number of institutional investors and hedge funds have recently added to or reduced their stakes in NTIC. Needham Investment Management LLC grew its holdings in shares of Northern Technologies International by 11.4% during the fourth quarter. Needham Investment Management LLC now owns 713,257 shares of the specialty chemicals company’s stock worth $5,585,000 after purchasing an additional 73,257 shares during the last quarter. Rothschild Wealth LLC bought a new position in Northern Technologies International in the fourth quarter valued at about $1,330,000. North Star Investment Management Corp. bought a new stake in shares of Northern Technologies International during the 1st quarter valued at $1,220,000. Peapod Lane Capital LLC lifted its stake in shares of Northern Technologies International by 64.6% in the 4th quarter. Peapod Lane Capital LLC now owns 142,621 shares of the specialty chemicals company’s stock valued at $1,117,000 after purchasing an additional 55,987 shares during the period. Finally, Renaissance Technologies LLC lifted its stake in shares of Northern Technologies International by 15.0% in the 4th quarter. Renaissance Technologies LLC now owns 126,377 shares of the specialty chemicals company’s stock valued at $990,000 after purchasing an additional 16,500 shares during the period. Institutional investors own 32.88% of the company’s stock.

Northern Technologies International Company Profile

Northern Technologies International Corporation (NASDAQ: NTIC) is a Minnesota‐based specialty chemical company that develops, manufactures and markets environmentally responsible corrosion prevention and metal surface treatment products. The company’s solutions include volatile corrosion inhibitor (VCI) films, emitters, powders and liquids designed to protect ferrous and non‐ferrous metals in industrial, aerospace, defense, electronics and automotive applications. In addition, NTIC offers packaging materials, engineered coatings and specialty pretreatment chemicals that meet stringent environmental regulations while extending equipment life and reducing maintenance costs.

NTIC serves a diversified global customer base, including metal fabricators, automotive suppliers, electronics manufacturers and oil and gas producers.