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Northern Technologies International (NASDAQ:NTIC) Shares Pass Above 200-Day Moving Average - Here's What Happened

Northern Technologies International logo with Basic Materials background

Northern Technologies International Co. (NASDAQ:NTIC - Get Free Report) shares crossed above its two hundred day moving average during trading on Thursday . The stock has a two hundred day moving average of $13.90 and traded as high as $13.96. Northern Technologies International shares last traded at $13.87, with a volume of 11,086 shares changing hands.

Northern Technologies International Stock Performance

The company has a market capitalization of $136.08 million, a P/E ratio of 25.22 and a beta of 0.63. The business's fifty day simple moving average is $13.13 and its 200-day simple moving average is $13.90.

Northern Technologies International Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Wednesday, November 13th. Stockholders of record on Wednesday, October 30th were given a dividend of $0.07 per share. This represents a $0.28 annualized dividend and a dividend yield of 1.95%. The ex-dividend date was Wednesday, October 30th. Northern Technologies International's dividend payout ratio is 50.91%.

Institutional Investors Weigh In On Northern Technologies International

A number of institutional investors and hedge funds have recently modified their holdings of the business. Rhumbline Advisers purchased a new stake in Northern Technologies International during the 2nd quarter worth approximately $114,000. Panagora Asset Management Inc. purchased a new position in Northern Technologies International in the 2nd quarter worth $175,000. BNP Paribas Financial Markets lifted its position in Northern Technologies International by 392.7% during the 3rd quarter. BNP Paribas Financial Markets now owns 13,962 shares of the specialty chemicals company's stock worth $172,000 after acquiring an additional 11,128 shares during the period. Barclays PLC grew its stake in Northern Technologies International by 78.4% during the 3rd quarter. Barclays PLC now owns 14,864 shares of the specialty chemicals company's stock valued at $182,000 after purchasing an additional 6,533 shares during the last quarter. Finally, Ritholtz Wealth Management acquired a new position in shares of Northern Technologies International in the second quarter valued at about $251,000. 32.88% of the stock is owned by institutional investors.

Northern Technologies International Company Profile

(Get Free Report)

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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