Northern Technologies International (NASDAQ:NTIC) issued its quarterly earnings data on Wednesday. The specialty chemicals company reported $0.13 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $0.05 by $0.08, MarketWatch Earnings reports. Northern Technologies International had a positive return on equity of 0.44% and a negative net margin of 2.81%.
Shares of NTIC stock traded down $0.17 on Friday, hitting $12.24. 133 shares of the company’s stock were exchanged, compared to its average volume of 19,191. Northern Technologies International has a 12 month low of $4.70 and a 12 month high of $14.85. The stock has a market cap of $111.45 million, a P/E ratio of -82.73 and a beta of 1.24. The company has a 50 day moving average of $9.96 and a 200 day moving average of $8.81.
A number of analysts recently commented on NTIC shares. Zacks Investment Research upgraded Northern Technologies International from a “sell” rating to a “hold” rating in a research report on Saturday, November 14th. Northland Securities boosted their target price on Northern Technologies International from $13.00 to $15.00 and gave the company an “outperform” rating in a research note on Friday, November 13th.
Northern Technologies International Corporation develops and markets rust and corrosion inhibiting products and services 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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