Northern Technologies International (NASDAQ:NTIC) Shares Pass Above Two Hundred Day Moving Average – Here’s Why

Northern Technologies International Co. (NASDAQ:NTIC) shares crossed above its two hundred day moving average during trading on Thursday . The stock has a two hundred day moving average of $13.90 and traded as high as $13.96. Northern Technologies International shares last traded at $13.87, with a volume of 11,086 shares traded.

Northern Technologies International Price Performance

The stock has a 50 day moving average price of $13.13 and a two-hundred day moving average price of $13.90. The firm has a market capitalization of $136.08 million, a price-to-earnings ratio of 26.13 and a beta of 0.63.

Northern Technologies International Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Wednesday, November 13th. Stockholders of record on Wednesday, October 30th were paid a $0.07 dividend. This represents a $0.28 annualized dividend and a dividend yield of 1.95%. The ex-dividend date of this dividend was Wednesday, October 30th. Northern Technologies International’s payout ratio is 50.91%.

Hedge Funds Weigh In On Northern Technologies International

Institutional investors and hedge funds have recently made changes to their positions in the stock. Barclays PLC grew its holdings in Northern Technologies International by 78.4% during the 3rd quarter. Barclays PLC now owns 14,864 shares of the specialty chemicals company’s stock worth $182,000 after acquiring an additional 6,533 shares in the last quarter. State Street Corp raised its stake in Northern Technologies International by 12.7% in the third quarter. State Street Corp now owns 84,778 shares of the specialty chemicals company’s stock valued at $1,042,000 after buying an additional 9,554 shares in the last quarter. Stifel Financial Corp boosted its position in shares of Northern Technologies International by 24.0% during the 3rd quarter. Stifel Financial Corp now owns 28,444 shares of the specialty chemicals company’s stock worth $350,000 after acquiring an additional 5,503 shares in the last quarter. Needham Investment Management LLC increased its holdings in shares of Northern Technologies International by 25.9% in the 3rd quarter. Needham Investment Management LLC now owns 522,500 shares of the specialty chemicals company’s stock valued at $6,422,000 after acquiring an additional 107,500 shares during the last quarter. Finally, BNP Paribas Financial Markets raised its position in shares of Northern Technologies International by 392.7% during the 3rd quarter. BNP Paribas Financial Markets now owns 13,962 shares of the specialty chemicals company’s stock worth $172,000 after acquiring an additional 11,128 shares in the last quarter. 32.88% of the stock is owned by institutional investors and hedge funds.

About Northern Technologies International

Northern Technologies International Corporation develops and markets rust and corrosion inhibiting solutions 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.