Brokerages Anticipate Northern Technologies International Co. (NASDAQ:NTIC) to Announce $0.19 EPS

Northern Technologies International Co. (NASDAQ:NTIC) has received a consensus broker rating score of 1.00 (Strong Buy) from the one brokers that provide coverage for the stock, Zacks Investment Research reports. One equities research analyst has rated the stock with a strong buy rating.

Brokerages have set a 12-month consensus price target of $16.00 for the company and are predicting that the company will post $0.19 earnings per share for the current quarter, according to Zacks. Zacks has also given Northern Technologies International an industry rank of 228 out of 255 based on the ratings given to related companies.

Several equities research analysts recently issued reports on NTIC shares. Northland Securities started coverage on Northern Technologies International in a research report on Thursday, September 12th. They set an “outperform” rating and a $16.00 price target on the stock. ValuEngine raised Northern Technologies International from a “sell” rating to a “hold” rating in a research report on Thursday, August 1st.

Shares of NTIC traded up $0.13 during trading on Monday, reaching $12.44. The company’s stock had a trading volume of 9,419 shares, compared to its average volume of 9,647. The company has a fifty day moving average of $11.75 and a two-hundred day moving average of $18.75. Northern Technologies International has a twelve month low of $10.02 and a twelve month high of $17.91. The company has a market cap of $112.22 million, a price-to-earnings ratio of 17.52 and a beta of 0.99.

Northern Technologies International (NASDAQ:NTIC) last posted its quarterly earnings results on Tuesday, July 9th. The specialty chemicals company reported $0.16 earnings per share (EPS) for the quarter. The business had revenue of $14.89 million for the quarter. Northern Technologies International had a return on equity of 11.30% and a net margin of 11.44%. On average, analysts anticipate that Northern Technologies International will post 0.65 earnings per share for the current fiscal year.

Several hedge funds have recently bought and sold shares of NTIC. Bremer Bank National Association acquired a new stake in shares of Northern Technologies International during the 1st quarter valued at approximately $26,000. Granite Investment Partners LLC raised its position in shares of Northern Technologies International by 306.1% during the 1st quarter. Granite Investment Partners LLC now owns 35,957 shares of the specialty chemicals company’s stock valued at $962,000 after acquiring an additional 27,102 shares in the last quarter. Cove Street Capital LLC raised its position in shares of Northern Technologies International by 33.3% during the 1st quarter. Cove Street Capital LLC now owns 40,000 shares of the specialty chemicals company’s stock valued at $1,070,000 after acquiring an additional 10,000 shares in the last quarter. Punch & Associates Investment Management Inc. raised its position in shares of Northern Technologies International by 597.7% during the 1st quarter. Punch & Associates Investment Management Inc. now owns 120,000 shares of the specialty chemicals company’s stock valued at $3,210,000 after acquiring an additional 102,800 shares in the last quarter. Finally, Wilen Investment Management CORP. raised its position in shares of Northern Technologies International by 2.1% during the 1st quarter. Wilen Investment Management CORP. now owns 48,838 shares of the specialty chemicals company’s stock valued at $1,245,000 after acquiring an additional 1,025 shares in the last quarter. 16.40% of the stock is currently owned by institutional investors and hedge funds.

About Northern Technologies International

Northern Technologies International Corporation develops and markets rust and corrosion inhibiting products and services to automotive, electronics, electrical, mechanical, military, retail consumer, and oil and gas markets. 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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