Northern Technologies International (NASDAQ:NTIC) Releases Quarterly Earnings Results

Northern Technologies International (NASDAQ:NTIC) posted its quarterly earnings data on Wednesday. The specialty chemicals company reported $0.07 earnings per share for the quarter, missing analysts’ consensus estimates of $0.12 by ($0.05), Zacks reports. Northern Technologies International had a return on equity of 8.03% and a net margin of 6.36%.

Northern Technologies International Stock Performance

Shares of NTIC opened at $13.43 on Thursday. Northern Technologies International has a 1 year low of $11.55 and a 1 year high of $19.63. The stock has a market capitalization of $127.18 million, a PE ratio of 24.42 and a beta of 0.62. The stock has a 50-day simple moving average of $13.55 and a 200-day simple moving average of $13.32.

Northern Technologies International Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Wednesday, November 13th. Shareholders of record on Wednesday, October 30th were given a $0.07 dividend. This represents a $0.28 dividend on an annualized basis and a yield of 2.08%. The ex-dividend date of this dividend was Wednesday, October 30th. Northern Technologies International’s dividend payout ratio is currently 50.91%.

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.