Northern Technologies International CorpNTIC
Market Cap: 128M
About: Northern Technologies International Corp, or NTIC is a United States-based firm that develops and markets environmentally beneficial products and services world-wide either directly or through a network of joint ventures, distributors, and agents. It operates through two segments which include ZERUST products and services and Nature-Tec products. Its main business is providing corrosion prevention solutions that are marketed under the ZERUST brand. The company also sells a portfolio of bio-based and biodegradable (compostable) polymer resin compounds and finished products marketed under the Nature-Tec brand. The ZERUST brand generates a vast majority of the revenue for the company.
Employees: 210
Fund manager confidence
Based on 2024 Q1 SEC filings by fund managers ($100M+ AUM)
22% more repeat investments, than reductions
Existing positions increased: 11 | Existing positions reduced: 9
21% more capital invested
Capital invested by funds: $36.5M [Q4 2023] → $44.2M (+$7.67M) [Q1 2024]
1.92% more ownership
Funds ownership: 32.95% [Q4 2023] → 34.87% (+1.92%) [Q1 2024]
5% less funds holding
Funds holding: 41 [Q4 2023] → 39 (-2) [Q1 2024]
29% less first-time investments, than exits
New positions opened: 5 | Existing positions closed: 7
Research analyst outlook
2 Wall Street Analysts provided 1 year price forecasts over the past 6 months
2 analyst ratings
Northland Capital Markets Gus Richard | 47%upside $20 | Outperform Maintained | 12 Jul 2024 |
Northland Capital Markets Gus Richard | 47%upside $20 | Outperform Maintained | 12 Apr 2024 |
Financial journalist opinion
Based on 7 articles about NTIC published over the past 30 days