Northern Technologies International Corporation (NTIC) lost ground during morning trading on April 21 to make it one of the worst performers amongst all NYSE and NASDAQ listed stocks in the basic materials sector halfway through the trading day. At the lunch break, shares of NTIC have fallen 3.2% to $16.5 after closing the day prior at $17.05. So far, the stock has traded as high as $16.5 and as low as $16.5. Today’s decline has come with about 436 shares changing hands, compared to an average 30-day volume of 3,140 for Northern Technologies International Corporation. The price is currently below the 30-day volume weighted average price of $16.5 for NTIC.
The share depreciation gives the company a market capitalization of $77.13 million based upon 4.52 million shares outstanding. It also means that NTIC has a price-to-book ratio of 1.75:1.
In the past 52 weeks, shares of NTIC have traded as low as $10.0 and as high as $19.3. Technical traders will take note that at $16.5, shares of NTIC are trading above their 200-day MA at $14.37 and below their 50-day MA at $16.57. Technical analysts pay close attention to these key moving averages because they often serve as technical support and resistance levels and because a move through or holding below them is typically regarded as bearish.
Who is NTIC?
Northern Technologies International Corp develops and markets proprietary environmentally beneficial products and services. The Company is engaged in developing, manufacturing and marketing ZERUST rust and corrosion inhibiting products and services. The company’s 121 employees are led by CEO G. Patrick Lynch from the corporate headquarters at 4201 Woodland Road in Circle Pines, MN.
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