Northern Technologies: Fiscal Q2 Earnings Snapshot
April 8, 2021
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CIRCLE PINES, Minn. (AP) Northern Technologies International Corp. (NTIC) on Thursday reported fiscal second-quarter earnings of $1.3 million.
On a per-share basis, the Circle Pines, Minnesota-based company said it had net income of 13 cents.
The rust and corrosion prevention company posted revenue of $12.8 million in the period.
Northern Technologies shares have increased 45% since the beginning of the year. The stock has more than doubled in the last 12 months.
This story was generated by Automated Insights (http://automatedinsights.com/ap) using data from Zacks Investment Research. Access a Zacks stock report on NTIC at https://www.zacks.com/ap/NTIC
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Is Northern Technologies International Corp (NTIC) Stock a Buy For 2021?
Artko Capital recently released its Q4 2020 Investor Letter, a copy of which you can download here. The fund posted a return of 17.2% for the quarter, outperforming its benchmark, the S&P 500 Index which returned 12.2% in the same quarter. You should check out Artko Capital’s top 5 stock picks for investors to buy right now, which could be the biggest winners of this year.
In the Q4 2020 Investor Letter, Artko Capital highlighted a few stocks and Northern Technologies International Corp (NASDAQ:NTIC) is one of them. Northern Technologies International Corp (NASDAQ:NTIC) is a packaging and containers company that produces corrosion inhibitors and removers. In the last three months, Northern Technologies International Corp (NASDAQ:NTIC) stock gained 64.8% and on February 3rd it had a closing price of $13.60. Here is what Artko Capital said:
Company Overview
Northern Technologies International Corp, or NTIC is a United States-based firm that develops and markets environmentally beneficial products and services worldwide either directly or through a network of joint ventures, distributors, and agents. It operates through two segments which include ZERUST and Nature-Tec. 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 Natur-Tec brand. The ZERUST brand generates a vast majority of the revenue for the company.