Northern Technologies Internatio (NASDAQ: NTIC) has benefited from extremely meaningful positive changes in investment behavior: its shorter term price trend turned up, the stock’s recent price rise disrupted its longer term downtrend, positive upside/downside volume developed, and the stock rose on very heavy volume.
Recent marginal positive changes in fundamentals have benefitted Northern Technologies Internatio (NASDAQ: NTIC): significant quarterly earnings acceleration occurred.
In light of these very positive signals we are reviewing our current Overall Rating of C. We would view the shares with optimism pending completion of this review in the next several days.
Current PriceTarget Research Rating
With future capital returns forecasted to be above the cost of capital, NTIC is expected to be a modest Value Builder.
Northern Technologies Internatio has a current Value Trend Rating of C (Low Neutral). This rating combines consistent signals from two proprietary PTR measures of a stock’s attractiveness. Northern Technologies Internatio has a slightly negative Appreciation Score of 34 and a neutral Power Rating of 54, resulting in the Low Neutral Value Trend Rating.
Recent Price Action
On 4/15/24, Northern Technologies Internatio (NASDAQ: NTIC) stock enjoyed a very large increase of 7.4%, closing at $14.87. Moreover, exceptionally high trading volume at 826% of normal accompanied the advance. The stock has performed in line with the market over the last nine months and has risen 26.0% during the last week.
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