June 30th, 2008
FeaturedProfiles.com Stock Pick: Northern Technologies International (NTIC)
Stock Price: $17.67
Northern Technologies International Corporation is in the business of converting unique environmentally beneficial material science into value added products and services for industrial and consumer applications.
The company just moved to the NASDAQ from the AMEX and their symbol changed from NTI to NTIC. For news, go to the company's website.
NTIC has the technology to convert waste plastic into energy with their Polymer EnergyTM system. We believe this technology is absolutely huge. The company also has the capability to create bio-based and biodegradable plastics and products with their Nature-Tec(TM) technology.
With fuel and alternative energy stocks coming alive, NTIC could have a lot of eyes coming onto it and become a huge play. NTIC spiked from the $8.00 level to a 52-week high of $20.85 in late May and early June.
NTIC had sales last quarter of $2.76 million and net income of $659,690. NTIC has a float of only 1.72 million shares. NTIC can change the way the world looks at plastic.