Northern Technologies International (NASDAQ:NTIC) Releases Earnings Results

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Northern Technologies International (NASDAQ:NTIC) announced its quarterly earnings data on Tuesday. The specialty chemicals company reported $0.16 earnings per share for the quarter, Morningstar.com reports. The company 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%. Northern Technologies International updated its FY 2019 guidance to $0.65-0.70 EPS.

Shares of NASDAQ NTIC opened at $11.49 on Friday. The stock has a market cap of $104.59 million, a PE ratio of 16.56 and a beta of 0.96. Northern Technologies International has a 1-year low of $10.40 and a 1-year high of $20.95. The firm’s 50-day moving average price is $21.88.

Several hedge funds and other institutional investors have recently made changes to their positions in NTIC. Dimensional Fund Advisors LP raised its holdings in shares of Northern Technologies International by 1.0% during the 4th quarter. Dimensional Fund Advisors LP now owns 172,473 shares of the specialty chemicals company’s stock valued at $5,103,000 after buying an additional 1,773 shares in the last quarter. Bank of America Corp DE purchased a new position in shares of Northern Technologies International during the 4th quarter valued at about $204,000. FMR LLC raised its holdings in shares of Northern Technologies International by 100.8% during the 4th quarter. FMR LLC now owns 73,719 shares of the specialty chemicals company’s stock valued at $2,181,000 after buying an additional 37,015 shares in the last quarter. Quantum Capital Management raised its holdings in shares of Northern Technologies International by 32.3% during the 1st quarter. Quantum Capital Management now owns 65,824 shares of the specialty chemicals company’s stock valued at $1,761,000 after buying an additional 16,087 shares in the last quarter. Finally, Alambic Investment Management L.P. purchased a new position in shares of Northern Technologies International during the 1st quarter valued at about $266,000. 31.58% of the stock is currently owned by institutional investors.

Separately, ValuEngine cut Zumiez from a “hold” rating to a “sell” rating in a report on Tuesday, July 2nd.

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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Earnings History for Northern Technologies International (NASDAQ:NTIC)

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