Napco Security Technologies Inc (NASDAQ:NSSC) Given Average Rating of “Buy” by Analysts

Shares of Napco Security Technologies Inc (NASDAQ:NSSC) have earned an average recommendation of “Buy” from the seven ratings firms that are currently covering the stock, MarketBeat Ratings reports. Two analysts have rated the stock with a hold recommendation and five have issued a buy recommendation on the company. The average 1 year price objective among brokers that have covered the stock in the last year is $29.83.

A number of research firms have recently weighed in on NSSC. ValuEngine lowered shares of Napco Security Technologies from a “buy” rating to a “hold” rating in a report on Wednesday, October 2nd. Canaccord Genuity increased their target price on shares of Napco Security Technologies from $32.00 to $33.00 and gave the stock a “buy” rating in a report on Wednesday, September 4th. Zacks Investment Research lowered shares of Napco Security Technologies from a “buy” rating to a “hold” rating in a report on Saturday, September 7th. Finally, BidaskClub lowered shares of Napco Security Technologies from a “strong-buy” rating to a “buy” rating in a report on Friday, September 6th.

Several institutional investors have recently bought and sold shares of NSSC. Denali Advisors LLC boosted its holdings in shares of Napco Security Technologies by 581.5% during the second quarter. Denali Advisors LLC now owns 1,070 shares of the industrial products company’s stock worth $32,000 after purchasing an additional 913 shares during the period. Bank of Montreal Can boosted its holdings in shares of Napco Security Technologies by 249.5% during the second quarter. Bank of Montreal Can now owns 1,552 shares of the industrial products company’s stock worth $46,000 after purchasing an additional 1,108 shares during the period. Zurcher Kantonalbank Zurich Cantonalbank purchased a new stake in shares of Napco Security Technologies during the third quarter worth about $71,000. Advantage Investment Management LLC boosted its holdings in shares of Napco Security Technologies by 24.9% during the second quarter. Advantage Investment Management LLC now owns 2,845 shares of the industrial products company’s stock worth $84,000 after purchasing an additional 568 shares during the period. Finally, Metropolitan Life Insurance Co NY purchased a new stake in shares of Napco Security Technologies during the first quarter worth about $84,000. Institutional investors own 42.94% of the company’s stock.

NASDAQ NSSC traded up $0.79 during trading on Monday, hitting $27.84. 64,800 shares of the company’s stock traded hands, compared to its average volume of 158,448. The stock has a fifty day moving average of $26.95 and a two-hundred day moving average of $27.42. Napco Security Technologies has a 12-month low of $13.52 and a 12-month high of $34.91. The firm has a market cap of $499.88 million, a P/E ratio of 42.18 and a beta of 0.52.

Napco Security Technologies (NASDAQ:NSSC) last posted its quarterly earnings results on Tuesday, September 3rd. The industrial products company reported $0.26 earnings per share (EPS) for the quarter, meeting the consensus estimate of $0.26. Napco Security Technologies had a net margin of 11.88% and a return on equity of 18.39%. The business had revenue of $29.58 million during the quarter, compared to analyst estimates of $29.47 million. During the same period in the prior year, the business posted $0.20 earnings per share. The company’s revenue was up 8.5% on a year-over-year basis. On average, sell-side analysts anticipate 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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