Northern Technologies Q3: Normal Results, But The Stock Remains Unattractive
Northern Technologies International (NTIC) Seeking Alpha·2024-07-12 04:28
olaser/E+ via Getty Images Northern Technologies International Corporation (NASDAQ:NTIC) reported fiscal 3Q24 results today, disappointing the market. The stock was down 7% despite a generally positive move for small caps and not terrible results. I have covered NTIC since 2022 with a Hold rating based on the company's multiples. In this article, I cover the details of the results and earnings call and revisit the valuation. Normal results for excessive expectations As we will see, NTIC's fiscal Q3 resu ...