Northern Technologies International (NASDAQ:NTIC) Rating Lowered to Sell at StockNews.com

Northern Technologies International (NASDAQ:NTIC - Get Free Report) was downgraded by analysts at StockNews.com from a "hold" rating to a "sell" rating in a research report issued on Monday.

Northern Technologies International Stock Performance

Shares of Northern Technologies International stock traded down $0.09 on Monday, hitting $6.93. The stock had a trading volume of 61,088 shares, compared to its average volume of 34,024. Northern Technologies International has a twelve month low of $6.77 and a twelve month high of $19.63. The stock has a 50 day moving average of $10.39 and a 200 day moving average of $12.09. The firm has a market capitalization of $65.65 million, a P/E ratio of 13.33 and a beta of 0.26.

Northern Technologies International (NASDAQ:NTIC - Get Free Report) last issued its quarterly earnings results on Thursday, April 10th. The specialty chemicals company reported ($0.03) earnings per share (EPS) for the quarter, missing the consensus estimate of $0.06 by ($0.09). Northern Technologies International had a return on equity of 7.48% and a net margin of 5.89%. The business had revenue of $19.07 million during the quarter, compared to the consensus estimate of $20.20 million. During the same quarter in the previous year, the business earned $0.17 earnings per share. Equities analysts expect that Northern Technologies International will post 0.56 earnings per share for the current year.

Institutional Investors Weigh In On Northern Technologies International

A number of institutional investors have recently modified their holdings of the company. Bank of New York Mellon Corp increased its stake in Northern Technologies International by 471.6% in the fourth quarter. Bank of New York Mellon Corp now owns 86,434 shares of the specialty chemicals company's stock valued at $1,166,000 after purchasing an additional 71,312 shares during the last quarter. JPMorgan Chase & Co. boosted its stake in Northern Technologies International by 146.3% in the fourth quarter. JPMorgan Chase & Co. now owns 28,869 shares of the specialty chemicals company's stock valued at $389,000 after acquiring an additional 17,149 shares in the last quarter. BNP Paribas Financial Markets grew its holdings in shares of Northern Technologies International by 392.7% during the third quarter. BNP Paribas Financial Markets now owns 13,962 shares of the specialty chemicals company's stock worth $172,000 after purchasing an additional 11,128 shares during the last quarter. Ritholtz Wealth Management acquired a new stake in shares of Northern Technologies International during the fourth quarter worth about $146,000. Finally, Manatuck Hill Partners LLC acquired a new stake in shares of Northern Technologies International in the 4th quarter valued at about $139,000. 32.88% of the stock is owned by institutional investors and hedge funds.

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.