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

Northern Technologies International (NASDAQ:NTIC) released its quarterly earnings results on Wednesday. The specialty chemicals company reported $0.13 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $0.05 by $0.08, MarketWatch Earnings reports. Northern Technologies International had a negative net margin of 2.81% and a positive return on equity of 0.44%.

NASDAQ:NTIC opened at $12.41 on Friday. Northern Technologies International has a fifty-two week low of $4.70 and a fifty-two week high of $14.85. The company has a 50 day simple moving average of $9.96 and a two-hundred day simple moving average of $8.81. The company has a market capitalization of $112.99 million, a PE ratio of -82.73 and a beta of 1.24.

Several equities analysts recently commented on the stock. Zacks Investment Research upgraded shares of Northern Technologies International from a “sell” rating to a “hold” rating in a research note on Saturday, November 14th. Northland Securities increased their target price on shares of Northern Technologies International from $13.00 to $15.00 and gave the company an “outperform” rating in a research report on Friday, November 13th.

About Northern Technologies International

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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