Shares of Northern Technologies International Co. (NASDAQ:NTIC - Get Free Report) crossed above its 200-day moving average during trading on Wednesday . The stock has a 200-day moving average of $13.59 and traded as high as $13.84. Northern Technologies International shares last traded at $13.82, with a volume of 4,342 shares traded.
Northern Technologies International Stock Up 1.8 %
The stock has a market capitalization of $133.24 million, a price-to-earnings ratio of 25.58 and a beta of 0.63. The company's fifty day simple moving average is $13.39 and its 200 day simple moving average is $13.59.
Northern Technologies International Announces Dividend
The business also recently disclosed a quarterly dividend, which was paid on Wednesday, November 13th. Shareholders of record on Wednesday, October 30th were given a dividend of $0.07 per share. The ex-dividend date of this dividend was Wednesday, October 30th. This represents a $0.28 annualized dividend and a yield of 1.99%. Northern Technologies International's dividend payout ratio (DPR) is presently 50.91%.
Hedge Funds Weigh In On Northern Technologies International
Institutional investors and hedge funds have recently made changes to their positions in the company. Needham Investment Management LLC boosted its stake in Northern Technologies International by 25.9% in the 3rd quarter. Needham Investment Management LLC now owns 522,500 shares of the specialty chemicals company's stock valued at $6,422,000 after purchasing an additional 107,500 shares during the period. Dimensional Fund Advisors LP lifted its holdings in shares of Northern Technologies International by 3.5% during the second quarter. Dimensional Fund Advisors LP now owns 348,700 shares of the specialty chemicals company's stock worth $5,774,000 after buying an additional 11,746 shares in the last quarter. Meros Investment Management LP boosted its position in shares of Northern Technologies International by 25.2% in the second quarter. Meros Investment Management LP now owns 269,510 shares of the specialty chemicals company's stock valued at $4,463,000 after acquiring an additional 54,209 shares during the period. Renaissance Technologies LLC grew its stake in shares of Northern Technologies International by 32.3% in the second quarter. Renaissance Technologies LLC now owns 135,077 shares of the specialty chemicals company's stock valued at $2,237,000 after acquiring an additional 33,000 shares in the last quarter. Finally, State Street Corp grew its stake in shares of Northern Technologies International by 12.7% in the third quarter. State Street Corp now owns 84,778 shares of the specialty chemicals company's stock valued at $1,042,000 after acquiring an additional 9,554 shares in the last quarter. Institutional investors and hedge funds own 32.88% of the company's stock.
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.
Featured Articles
Before you consider Northern Technologies International, you'll want to hear this.
MarketBeat keeps track of Wall Street's top-rated and best performing research analysts and the stocks they recommend to their clients on a daily basis. MarketBeat has identified the five stocks that top analysts are quietly whispering to their clients to buy now before the broader market catches on... and Northern Technologies International wasn't on the list.
While Northern Technologies International currently has a "Buy" rating among analysts, top-rated analysts believe these five stocks are better buys.
View The Five Stocks Here
As the AI market heats up, investors who have a vision for artificial intelligence have the potential to see real returns. Learn about the industry as a whole as well as seven companies that are getting work done with the power of AI.
Get This Free Report
Like this article? Share it with a colleague.
Link copied to clipboard.
