Northern Technologies International (NASDAQ:NTIC - Get Free Report) announced its quarterly earnings results on Thursday. The specialty chemicals company reported ($0.03) EPS for the quarter, missing analysts' consensus estimates of $0.06 by ($0.09), Zacks reports. The firm had revenue of $19.07 million for the quarter, compared to analyst estimates of $20.20 million. Northern Technologies International had a net margin of 5.89% and a return on equity of 7.48%. During the same period in the previous year, the business posted $0.17 earnings per share.
Northern Technologies International Price Performance
Shares of Northern Technologies International stock traded down $0.01 during trading hours on Wednesday, reaching $7.24. The company had a trading volume of 44,760 shares, compared to its average volume of 33,995. Northern Technologies International has a one year low of $7.12 and a one year high of $19.63. The firm has a market cap of $68.59 million, a PE ratio of 13.92 and a beta of 0.26. The business has a fifty day simple moving average of $10.64 and a 200 day simple moving average of $12.20.
Wall Street Analysts Forecast Growth
Separately, StockNews.com lowered Northern Technologies International from a "hold" rating to a "sell" rating in a research report on Monday.
View Our Latest Stock Analysis on NTIC
Northern Technologies International Company Profile
(
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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.
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