Northern Technologies International (NASDAQ:NTIC) Releases Quarterly Earnings Results, Misses Expectations By $0.06 EPS

Northern Technologies International (NASDAQ:NTIC) issued its earnings results on Thursday. The specialty chemicals company reported ($0.02) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.04 by ($0.06), FiscalAI reports. The business had revenue of $24.22 million for the quarter, compared to the consensus estimate of $23.40 million. Northern Technologies International had a negative net margin of 0.87% and a positive return on equity of 0.05%.

Northern Technologies International Trading Down 2.5%

NASDAQ NTIC opened at $8.58 on Thursday. The company has a debt-to-equity ratio of 0.01, a quick ratio of 1.15 and a current ratio of 1.81. The stock has a market cap of $81.42 million, a P/E ratio of -107.25 and a beta of 0.17. The stock has a 50 day simple moving average of $8.14 and a two-hundred day simple moving average of $8.40. Northern Technologies International has a fifty-two week low of $7.14 and a fifty-two week high of $10.03.

Institutional Inflows and Outflows

Several institutional investors have recently added to or reduced their stakes in the stock. Osaic Holdings Inc. lifted its holdings in Northern Technologies International by 1,124.1% in the second quarter. Osaic Holdings Inc. now owns 3,501 shares of the specialty chemicals company’s stock worth $26,000 after buying an additional 3,215 shares during the period. XTX Topco Ltd bought a new stake in shares of Northern Technologies International during the fourth quarter valued at approximately $96,000. Squarepoint Ops LLC grew its stake in Northern Technologies International by 57.5% in the third quarter. Squarepoint Ops LLC now owns 23,011 shares of the specialty chemicals company’s stock worth $177,000 after purchasing an additional 8,401 shares during the period. Citadel Advisors LLC raised its holdings in Northern Technologies International by 35.1% in the third quarter. Citadel Advisors LLC now owns 59,085 shares of the specialty chemicals company’s stock worth $456,000 after purchasing an additional 15,351 shares in the last quarter. Finally, Qube Research & Technologies Ltd purchased a new position in Northern Technologies International during the second quarter valued at $88,000. 32.88% of the stock is currently owned by institutional investors.

Analyst Upgrades and Downgrades

A number of equities analysts have recently commented on the stock. Zacks Research upgraded shares of Northern Technologies International from a “strong sell” rating to a “hold” rating in a research report on Tuesday, June 9th. Weiss Ratings restated a “sell (d)” rating on shares of Northern Technologies International in a research note on Wednesday, June 24th. One equities research analyst has rated the stock with a Hold rating and one has issued a Sell rating to the stock. According to MarketBeat, Northern Technologies International has a consensus rating of “Reduce”.

About Northern Technologies International

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.