Trending Stock: Northern Technologies International Corporation (NASDAQ: NTIC)

Operating expenses, as a percent of net sales, for the fourth quarter of financial 2019 were 46.6%, contrast to 42.7% for the same period last fiscal year. For the complete year, operating costs, as a percent of net sales, were 43.3%, contrast to 44.6% for the exact same duration last financial year.
NTIC has a gross margin of 31.90% and an operating margin of 11.00% while its revenue margin remained 8.70% for the last 12 months. The rate moved ahead of 4.10% from the mean of 20 days, 11.38% from mean of 50 days SMA and performed 18.38% from mean of 200 days price.

On 20 Jan 2020, Northern Technologies International Corporation (NASDAQ: NTIC) altered 2.54% to current value of $14.61. The stock negotiated 931 shares during newest day however it has an average volume of 11.91 K shares. It spotted trading -9.13% off 52-week high rate. On the other end, the stock has been kept in mind 45.83% away from the low cost over the last 52-weeks.

NTICs joint venture operating income decreased 6.0% to $3,057,000 throughout the 3 months ended August 31, 2019, contrast to joint endeavor operating earnings of $3,252,000 during the three months ended August 31, 2018. This decline was attributable to a corresponding reduction in total net sales of the joint endeavors as charges for services supplied to joint endeavors are primarily a function of the net sales of NTICs joint endeavors, which lowered 4.1% to $28,632,000 throughout the three months ended August 31, 2019, contrast to $29,861,000 for the 3 months ended August 31, 2018. For 2019, NTICs joint venture operating earnings lowered 5.2% to $12,953,000, contrast to joint venture operating earnings of $13,670,000 during the full year ended August 31, 2018. Net sales of NTICs joint endeavors decreased 4.5% to $114,635,000 throughout the full year ended August 31, 2019, contrast to $120,061,000 for the full year ended August 31, 2018.
Business expenses, as a percent of net sales, for the 4th quarter of financial 2019 were 46.6%, contrast to 42.7% for the very same duration last financial year. Because of lower net sales and stable operating expenses, this boost was mostly. For the full year, operating costs, as a percent of net sales, were 43.3%, contrast to 44.6% for the same period last.
Net income attributable to NTIC for the 4th quarter of fiscal 2019 reduced 61.3% to $829,000, or $0.09 per diluted share, from $2,142,000, or $0.23 per diluted share for the very same period last fiscal year. For the complete year ended August 31, 2019, earnings attributable to NTIC minimized 22.3% to $5,210,000, or $0.55 per diluted share, from $6,701,000, or $0.72 per diluted share for the same period last fiscal year.
NTICs balance sheet remains strong, with no financial obligation, and working capital of $25,461,000 at August 31, 2019, consisting of $5,857,000 in cash and money equivalents and $3,565,000 in available for sale securities, contrast to $22,838,000 of working capital at August 31, 2018, including $4,163,000 in cash and cash equivalents and $3,300,000 in accessible for sale securities.
At August 31, 2019, the business had $24,207,000 of financial investments in joint ventures, of which $13,000,000 or 54%, is cash, with the staying balance mainly comprised of other working capital.
NTIC has a gross margin of 31.90% and an operating margin of 11.00% while its revenue margin stayed 8.70% for the last 12 months. The business has 8.89 M of impressive shares and 7.58 M shares were drifted in the market. The cost moved ahead of 4.10% from the mean of 20 days, 11.38% from mean of 50 days SMA and performed 18.38% from mean of 200 days cost.

Northern Technologies International Corporation (NTIC) recently stated its financial outcomes for the 4th quarter and fiscal year ended August 31, 2019.

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Eunice Durand– Technology and Energy My name is Eunice Durand, I have worked for the stock market industry for 4 years. Technology news grasp my attention the most. In early days, I started my journey with an ordinary author. Moving forward with great hard work and passion I achieve a higher position. As I believe in working hard and putting the soul in my work, I have accomplished so much success and place in Dailynewssheet.com, and now I have confidence in this, that I am the spin of this network. I have a vision of touching the sky. I wish to see this industry on a global scale one day. My other duties are that I am a contributor and an editor of the technology segment. My work is to do a critical analysis of companies and pick out the most significant information for investor network.

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