Stock Rating Downgrade
Reflecting eroding fundamentals and low Appreciation Potential, the Value Trend Rating for Northern Technologies Internatio (NASDAQ: NTIC) weakened of late. NTIC’s current Value Trend Rating is C and the prior Rating was B. Details supporting this lower rating are included in our next report.
Recent Price Action
Northern Technologies Internatio (NASDAQ: NTIC) stock closed at $12.50 on 8/9/24 after a decline of -2.3%. However, exceptionally low trading volume at 19% of normal accompanied the decline. The stock has declined -4.1% during the last week but has been exceptionally strong relative to 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 C (High Neutral). The Value Trend Rating reflects contradictory signals from PTR’s two proprietary measures of a stock’s attractiveness. Northern Technologies Internatio has a slightly negative Appreciation Score of 34 but a good Power Rating of 84, resulting in the High Neutral Value Trend Rating.
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