Northern Technologies International (NASDAQ:NTIC) posted its earnings results on Thursday. The specialty chemicals company reported $0.24 earnings per share (EPS) for the quarter, Morningstar.com reports. The firm had revenue of $11.54 million during the quarter. Northern Technologies International had a return on equity of 7.06% and a net margin of 8.65%.
Northern Technologies International (NASDAQ NTIC) traded down $0.99 during mid-day trading on Friday, hitting $25.16. The stock had a trading volume of 16,500 shares, compared to its average volume of 10,037. The firm has a market capitalization of $114.14, a PE ratio of 33.55 and a beta of 1.28. Northern Technologies International has a 52 week low of $13.65 and a 52 week high of $27.00.
The company also recently disclosed a quarterly dividend, which was paid on Thursday, December 21st. Stockholders of record on Friday, December 8th were given a dividend of $0.10 per share. The ex-dividend date was Thursday, December 7th. This represents a $0.40 annualized dividend and a dividend yield of 1.59%. Northern Technologies International’s dividend payout ratio is currently 13.33%.
Several hedge funds have recently bought and sold shares of the company. Quantum Capital Management acquired a new position in shares of Northern Technologies International during the third quarter worth about $305,000. Essex Investment Management Co. LLC acquired a new position in shares of Northern Technologies International during the third quarter worth about $381,000. Dimensional Fund Advisors LP boosted its position in shares of Northern Technologies International by 0.6% during the second quarter. Dimensional Fund Advisors LP now owns 144,596 shares of the specialty chemicals company’s stock worth $2,306,000 after buying an additional 800 shares during the period. Finally, Vanguard Group Inc. boosted its position in shares of Northern Technologies International by 37.5% during the second quarter. Vanguard Group Inc. now owns 103,839 shares of the specialty chemicals company’s stock worth $1,656,000 after buying an additional 28,300 shares during the period. 25.00% of the stock is owned by institutional investors.
Separately, ValuEngine cut Northern Technologies International from a “buy” rating to a “hold” rating in a research report on Monday, September 18th.
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About Northern Technologies International
Northern Technologies International Corporation develops and markets environmentally beneficial products and services. The Company’s primary business is corrosion prevention marketed mainly under ZERUST and EXCOR brands (collectively ZERUST). The Company’s segments include ZERUST and Natur-Tec. The Company is engaged in selling its ZERUST products and services to the automotive, electronics, electrical, mechanical, military and retail consumer markets.
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