BidaskClub Lowers Napco Security Technologies (NSSC) to Hold

Napco Security Technologies (NASDAQ:NSSC) was downgraded by stock analysts at BidaskClub from a “buy” rating to a “hold” rating in a note issued to investors on Thursday, September 20th.

Separately, ValuEngine upgraded Napco Security Technologies from a “hold” rating to a “buy” rating in a research report on Monday, June 18th.

NSSC stock traded down $0.26 during trading on Thursday, reaching $13.12. The stock had a trading volume of 65,416 shares, compared to its average volume of 46,201. Napco Security Technologies has a 52 week low of $7.90 and a 52 week high of $17.45. The company has a market cap of $280.04 million, a price-to-earnings ratio of 35.60 and a beta of 0.34.

Napco Security Technologies (NASDAQ:NSSC) last posted its earnings results on Tuesday, September 4th. The industrial products company reported $0.20 earnings per share for the quarter, missing analysts’ consensus estimates of $0.21 by ($0.01). The firm had revenue of $27.26 million during the quarter. Napco Security Technologies had a net margin of 8.34% and a return on equity of 12.75%. During the same quarter last year, the company posted $0.17 earnings per share.

A number of institutional investors and hedge funds have recently modified their holdings of the business. Rhumbline Advisers purchased a new stake in shares of Napco Security Technologies during the second quarter worth about $149,000. Raymond James Financial Services Advisors Inc. purchased a new stake in shares of Napco Security Technologies during the second quarter worth about $212,000. Cambridge Investment Research Advisors Inc. purchased a new stake in shares of Napco Security Technologies during the first quarter worth about $240,000. North Star Investment Management Corp. purchased a new stake in shares of Napco Security Technologies during the second quarter worth about $1,279,000. Finally, Renaissance Technologies LLC grew its position in shares of Napco Security Technologies by 3.5% during the second quarter. Renaissance Technologies LLC now owns 263,500 shares of the industrial products company’s stock worth $3,860,000 after purchasing an additional 8,800 shares in the last quarter. Institutional investors and hedge funds own 32.65% of the company’s stock.

Napco Security Technologies Company Profile

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.

Further Reading: What is Considered a Good Return on Equity (ROE)?

Receive News & Ratings for Napco Security Technologies Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Napco Security Technologies and related companies with MarketBeat.com's FREE daily email newsletter.

Leave a Reply