Investigation Overview
An investigation on behalf of investors in shares of Northern Technologies International Corp (NASDAQ:NTIC) was announced over potential breaches of fiduciary duties by certain officers and directors at Northern Technologies International.
The investigation by a law firm concerns whether certain Northern Technologies International Corp (NASDAQ:NTIC officers and directors breached their fiduciary duties and caused damage to the company and its shareholders.
Circle Pines, MN based Northern Technologies International Corporation develops and markets environmentally beneficial products and services. Northern Technologies International Corp reported htat its Total Revenue rose from $32.93 million for the 12 months period that ended on August 31, 2016 to $39.57 million for the 12 months period that ended on August 31, 2017 and that its Net Loss of $0.87 million turned into a Net Income of $3.42 million over those time periods.
Shares of Northern Technologies International Corp Northern Technologies International Corp (NASDAQ:NTIC) grew from $10.00 per share in early 2016 to as high as $27.0 per share on Janaury 8, 2018.
On February 2, 2018, NASDAQ:NTIC shares closed at $23.30 per share.