Northern Technologies International Corporation (NTIC) Just Reaches 52-Week High?

April 16, 2018 - By Stephen Andrade

The stock of Northern Technologies International Corporation (NASDAQ:NTIC) hit a new 52-week high and has $27.40 target or 3.00 % above today’s $26.60 share price. The 9 months bullish chart indicates low risk for the $120.70 million company. The 1-year high was reported on Apr, 16 by Barchart.com. If the $27.40 price target is reached, the company will be worth $3.62M more.
The 52-week high event is an important milestone for every stock because it shows very positive momentum and is time when buyers come in. During such notable technical setup, fundamental investors usually stay away and are careful shorting or selling the stock.

The stock decreased 1.48% or $0.4 during the last trading session, reaching $26.6. About 4,638 shares traded or 16.30% up from the average. Northern Technologies International Corporation (NASDAQ:NTIC) has risen 44.79% since April 16, 2017 and is uptrending. It has outperformed by 33.24% the S&P500.

Northern Technologies International Corporation develops and markets rust and corrosion inhibiting services and products to automotive, electronics, electrical, mechanical, military, retail consumer, and gas and oil markets. The company has market cap of $120.70 million. It offers rust and corrosion inhibiting products, such as plastic and paper packaging, liquids and coatings, rust removers and cleaners, diffusers, and engineered solutions designed for the gas and oil industry under the ZERUST brand name. It has a 23.79 P/E ratio. The firm also provides a portfolio of biobased and biodegradable polymer resin compounds and finished products under the Natur-Tec brand.

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