Northern Technologies International (NASDAQ:NTIC) Stock Price Passes Above Two Hundred Day Moving Average – What’s Next?

Shares of Northern Technologies International Co. (NASDAQ:NTIC) passed above its 200-day moving average during trading on Wednesday . The stock has a 200-day moving average of $13.59 and traded as high as $13.84. Northern Technologies International shares last traded at $13.82, with a volume of 4,342 shares changing hands.

Northern Technologies International Trading Up 1.8 %

The firm has a 50 day moving average price of $13.41 and a 200-day moving average price of $13.59. The firm has a market cap of $133.24 million, a price-to-earnings ratio of 25.58 and a beta of 0.63.

Northern Technologies International Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Wednesday, November 13th. Shareholders of record on Wednesday, October 30th were issued a $0.07 dividend. This represents a $0.28 annualized dividend and a dividend yield of 1.99%. The ex-dividend date of this dividend was Wednesday, October 30th. Northern Technologies International’s dividend payout ratio (DPR) is presently 50.91%.

Institutional Inflows and Outflows

A number of hedge funds have recently modified their holdings of NTIC. JPMorgan Chase & Co. lifted its stake in Northern Technologies International by 98.9% in the 3rd quarter. JPMorgan Chase & Co. now owns 11,720 shares of the specialty chemicals company’s stock valued at $144,000 after buying an additional 5,828 shares in the last quarter. Barclays PLC lifted its position in shares of Northern Technologies International by 78.4% in the third quarter. Barclays PLC now owns 14,864 shares of the specialty chemicals company’s stock valued at $182,000 after acquiring an additional 6,533 shares in the last quarter. State Street Corp boosted its stake in shares of Northern Technologies International by 12.7% during the third quarter. State Street Corp now owns 84,778 shares of the specialty chemicals company’s stock valued at $1,042,000 after acquiring an additional 9,554 shares during the last quarter. Stifel Financial Corp increased its position in 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 purchasing an additional 5,503 shares in the last quarter. Finally, Needham Investment Management LLC increased its position in Northern Technologies International by 25.9% during the 3rd quarter. Needham Investment Management LLC now owns 522,500 shares of the specialty chemicals company’s stock worth $6,422,000 after purchasing an additional 107,500 shares in the last quarter. 32.88% of the stock is owned by hedge funds and other institutional investors.

Northern Technologies International Company Profile

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.