Northern Technologies International (NASDAQ:NTIC) Issues Quarterly Earnings Results, Beats Estimates By $0.08 EPS

Northern Technologies International (NASDAQ:NTIC) announced its earnings results on Wednesday. The specialty chemicals company reported $0.13 earnings per share (EPS) for the quarter, beating the Thomson Reuters’ 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 traded down $0.17 during mid-day trading on Friday, reaching $12.24. The company had a trading volume of 133 shares, compared to its average volume of 19,191. Northern Technologies International has a 52-week low of $4.70 and a 52-week high of $14.85. The stock has a market capitalization of $111.45 million, a P/E ratio of -82.73 and a beta of 1.24. The stock has a 50 day moving average of $9.96 and a two-hundred day moving average of $8.81.

A number of brokerages have recently weighed in on NTIC. Northland Securities increased their price objective on Northern Technologies International from $13.00 to $15.00 and gave the company an “outperform” rating in a report on Friday, November 13th. Zacks Investment Research raised Northern Technologies International from a “sell” rating to a “hold” rating in a report on Saturday, November 14th.

Northern Technologies International Company Profile

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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Earnings History for Northern Technologies International (NASDAQ:NTIC)

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