Napco Security Technologies (NASDAQ:NSSC) was downgraded by investment analysts at BidaskClub from a “strong-buy” rating to a “buy” rating in a research report issued on Friday, September 6th, BidAskClub reports.
A number of other research firms have also recently issued reports on NSSC. Canaccord Genuity boosted their price objective on Napco Security Technologies from $32.00 to $33.00 and gave the company a “buy” rating in a report on Wednesday, September 4th. Imperial Capital started coverage on Napco Security Technologies in a report on Friday, June 21st. They set an “outperform” rating and a $36.00 price objective for the company. Lake Street Capital started coverage on Napco Security Technologies in a report on Tuesday, June 11th. They set a “buy” rating and a $35.00 price objective for the company. ValuEngine cut Napco Security Technologies from a “strong-buy” rating to a “buy” rating in a report on Thursday, August 1st. Finally, Zacks Investment Research cut Napco Security Technologies from a “buy” rating to a “hold” rating in a report on Saturday, August 10th. One investment analyst has rated the stock with a hold rating and six have given a buy rating to the company. The company currently has an average rating of “Buy” and an average price target of $29.66.
Shares of Napco Security Technologies stock traded up $0.65 on Friday, reaching $28.80. The company had a trading volume of 220,040 shares, compared to its average volume of 160,038. The firm has a market cap of $501.67 million, a price-to-earnings ratio of 43.64 and a beta of 0.59. The firm’s 50-day moving average price is $29.90 and its two-hundred day moving average price is $26.49. Napco Security Technologies has a 1 year low of $12.93 and a 1 year high of $34.91.
Napco Security Technologies (NASDAQ:NSSC) last announced its earnings results on Tuesday, September 3rd. The industrial products company reported $0.26 EPS for the quarter, hitting the Zacks’ consensus estimate of $0.26. Napco Security Technologies had a return on equity of 18.39% and a net margin of 11.88%. The firm had revenue of $29.58 million during the quarter, compared to analysts’ expectations of $29.47 million. During the same quarter in the previous year, the business earned $0.20 EPS. The company’s quarterly revenue was up 8.5% on a year-over-year basis. Equities analysts expect that Napco Security Technologies will post 0.86 EPS for the current fiscal year.
Hedge funds and other institutional investors have recently modified their holdings of the business. Denali Advisors LLC raised its position in Napco Security Technologies by 581.5% during the 2nd quarter. Denali Advisors LLC now owns 1,070 shares of the industrial products company’s stock valued at $32,000 after purchasing an additional 913 shares in the last quarter. Bank of Montreal Can raised its position in Napco Security Technologies by 249.5% during the 2nd quarter. Bank of Montreal Can now owns 1,552 shares of the industrial products company’s stock valued at $46,000 after purchasing an additional 1,108 shares in the last quarter. BNP Paribas Arbitrage SA raised its position in shares of Napco Security Technologies by 62,175.0% in the 1st quarter. BNP Paribas Arbitrage SA now owns 2,491 shares of the industrial products company’s stock worth $52,000 after acquiring an additional 2,487 shares in the last quarter. Advantage Investment Management LLC raised its position in shares of Napco Security Technologies by 24.9% in the 2nd quarter. Advantage Investment Management LLC now owns 2,845 shares of the industrial products company’s stock worth $84,000 after acquiring an additional 568 shares in the last quarter. Finally, Metropolitan Life Insurance Co NY bought a new position in shares of Napco Security Technologies in the 1st quarter worth $84,000. 43.30% of the stock is owned by institutional investors and hedge funds.
About Napco Security Technologies
Napco Security Technologies, Inc manufactures and sells security products and software worldwide. The company offers access control systems, door security products, intrusion and fire alarm systems, and video surveillance systems for commercial, residential, institutional, industrial, and governmental applications.
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