Napco Security Technologies Inc (NASDAQ:NSSC) saw a significant growth in short interest during the month of August. As of August 31st, there was short interest totalling 1,356,800 shares, a growth of 16.3% from the July 31st total of 1,167,000 shares. Based on an average daily volume of 196,100 shares, the short-interest ratio is presently 6.9 days. Currently, 11.8% of the company’s stock are sold short.
A number of research firms recently commented on NSSC. ValuEngine downgraded Napco Security Technologies from a “strong-buy” rating to a “buy” rating in a report on Thursday, August 1st. Lake Street Capital began coverage on Napco Security Technologies in a report on Tuesday, June 11th. They issued a “buy” rating and a $35.00 price target for the company. Canaccord Genuity boosted their price target 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 assumed coverage on Napco Security Technologies in a research report on Friday, June 21st. They issued an “outperform” rating and a $36.00 price objective for the company. Finally, Zacks Investment Research cut Napco Security Technologies from a “buy” rating to a “hold” rating in a research report on Saturday, September 7th. One analyst has rated the stock with a hold rating and six have assigned a buy rating to the stock. Napco Security Technologies currently has an average rating of “Buy” and a consensus target price of $29.66.
Institutional investors have recently bought and sold shares of the business. Denali Advisors LLC lifted 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 worth $32,000 after acquiring an additional 913 shares during the period. Bank of Montreal Can increased its stake in Napco Security Technologies by 249.5% in 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 increased its stake in 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 valued at $52,000 after purchasing an additional 2,487 shares in the last quarter. Advantage Investment Management LLC increased its stake in 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 valued at $84,000 after purchasing an additional 568 shares in the last quarter. Finally, Metropolitan Life Insurance Co NY purchased a new position in Napco Security Technologies in the 1st quarter valued at approximately $84,000. 43.30% of the stock is owned by institutional investors.
Shares of Napco Security Technologies stock opened at $28.15 on Friday. The business’s fifty day simple moving average is $29.91 and its 200-day simple moving average is $26.45. Napco Security Technologies has a 52 week low of $12.93 and a 52 week high of $34.91. The firm has a market cap of $501.67 million, a PE ratio of 42.65 and a beta of 0.59.
Napco Security Technologies (NASDAQ:NSSC) last posted its earnings results on Tuesday, September 3rd. The industrial products company reported $0.26 earnings per share (EPS) for the quarter, hitting the Thomson Reuters’ 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 for the quarter, compared to analyst estimates of $29.47 million. During the same quarter in the prior year, the company earned $0.20 EPS. Napco Security Technologies’s revenue was up 8.5% on a year-over-year basis. On average, research analysts expect that Napco Security Technologies will post 0.86 earnings per share for the current year.
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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