Stock Rating Downgrade
Reflecting eroding fundamentals and low Appreciation Potential, the Value Trend Rating for Northern Technologies Internatio (NASDAQ: NTIC) weakened during the last several trading days. NTIC’s current Value Trend Rating is D and the prior Rating was C. Details supporting this lower rating are included in our next report.
Recent Price Action
Northern Technologies Internatio (NASDAQ: NTIC) stock closed at $15.65 on 4/19/24 after an increase of 1.4%. Moreover, exceptionally high trading volume at 289% of normal accompanied the advance. The stock has risen 13.8% during the last week and has performed in line with the market over the last nine months.
Current PriceTarget Research Rating
With future capital returns forecasted to be above the cost of capital, NTIC is expected to be a Value Builder.
Northern Technologies Internatio has a current Value Trend Rating of D (Negative). The Value Trend Rating reflects inconsistent signals from PTR’s two proprietary measures of a stock’s attractiveness. Northern Technologies Internatio has a poor Appreciation Score of 29 but a neutral Power Rating of 57, resulting in the Negative Value Trend Rating.
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