Napco Security Technologies, Inc. (NASDAQ:NSSC) Receives Consensus Rating of "Moderate Buy" from Brokerages – MarketBeat
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Shares of Napco Security Technologies, Inc. (NASDAQ:NSSC – Get Rating) have earned an average rating of “Moderate Buy” from the seven brokerages that are presently covering the company, Marketbeat Ratings reports. One investment analyst has rated the stock with a hold rating and five have issued a buy rating on the company. The average twelve-month price objective among analysts that have issued a report on the stock in the last year is $34.80.
A number of research analysts have recently issued reports on NSSC shares. Canaccord Genuity Group boosted their price target on shares of Napco Security Technologies from $36.00 to $40.00 and gave the stock a “buy” rating in a research report on Thursday, September 22nd. Lake Street Capital boosted their price target on shares of Napco Security Technologies from $23.00 to $32.00 and gave the stock a “buy” rating in a research report on Tuesday, August 30th. Canaccord Genuity Group boosted their price target on shares of Napco Security Technologies from $36.00 to $40.00 and gave the stock a “buy” rating in a research report on Thursday, September 22nd. StockNews.com assumed coverage on shares of Napco Security Technologies in a research report on Wednesday, October 12th. They issued a “hold” rating on the stock. Finally, Needham & Company LLC lifted their price objective on shares of Napco Security Technologies from $33.00 to $34.00 and gave the company a “buy” rating in a research note on Tuesday.
Napco Security Technologies Price Performance
NASDAQ:NSSC opened at $26.32 on Thursday. The firm’s 50 day simple moving average is $28.41 and its 200 day simple moving average is $24.05. Napco Security Technologies has a one year low of $15.39 and a one year high of $31.30. The company has a market cap of $967.13 million, a PE ratio of 54.83 and a beta of 1.17.
Napco Security Technologies (NASDAQ:NSSC – Get Rating) last issued its quarterly earnings results on Monday, August 29th. The industrial products company reported $0.20 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.09 by $0.11. The firm had revenue of $43.23 million for the quarter, compared to the consensus estimate of $38.55 million. Napco Security Technologies had a net margin of 13.38% and a return on equity of 15.19%. During the same quarter in the previous year, the company earned $0.14 EPS. Equities research analysts expect that Napco Security Technologies will post 0.71 EPS for the current year.
Institutional Trading of Napco Security Technologies
Several hedge funds have recently modified their holdings of the stock. Visionary Wealth Advisors increased its stake in Napco Security Technologies by 105.9% during the 1st quarter. Visionary Wealth Advisors now owns 290,469 shares of the industrial products company’s stock valued at $5,960,000 after purchasing an additional 149,367 shares in the last quarter. North Star Investment Management Corp. increased its stake in Napco Security Technologies by 100.0% during the 1st quarter. North Star Investment Management Corp. now owns 120,200 shares of the industrial products company’s stock valued at $2,467,000 after purchasing an additional 60,100 shares in the last quarter. Belvedere Trading LLC bought a new stake in Napco Security Technologies during the 2nd quarter valued at $390,000. New York State Common Retirement Fund increased its stake in Napco Security Technologies by 100.2% during the 1st quarter. New York State Common Retirement Fund now owns 21,064 shares of the industrial products company’s stock valued at $432,000 after purchasing an additional 10,541 shares in the last quarter. Finally, Russell Investments Group Ltd. increased its stake in Napco Security Technologies by 100.7% during the 1st quarter. Russell Investments Group Ltd. now owns 407,361 shares of the industrial products company’s stock valued at $8,358,000 after purchasing an additional 204,437 shares in the last quarter. Institutional investors own 67.49% of the company’s stock.
About Napco Security Technologies
(Get Rating)
Napco Security Technologies, Inc develops, manufactures, and sells electronic security products in the United States and internationally. The company offers access control systems, door-locking products, intrusion and fire alarm systems, and video surveillance systems for commercial, residential, institutional, industrial, and governmental applications.
See Also
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This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat’s editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.
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