Napco Security Technologies Inc. (NSSC) Sees Strong Trading Volume
Shares of Napco Security Technologies Inc. (NASDAQ:NSSC) saw strong trading volume on Tuesday . 68,250 shares were traded during trading, an increase of 22% from the previous session’s volume of 55,750 shares.The stock last traded at $7.09 and had previously closed at $7.01.
Several research analysts have recently commented on the company. B. Riley reiterated a “neutral” rating and set a $5.50 target price on shares of Napco Security Technologies in a research note on Sunday, May 15th. Zacks Investment Research upgraded Napco Security Technologies from a “sell” rating to a “hold” rating in a research note on Wednesday, April 6th.
The company has a 50-day moving average of $6.59 and a 200 day moving average of $6.04. The firm has a market capitalization of $133.38 million and a P/E ratio of 24.32.
Napco Security Technologies (NASDAQ:NSSC) last posted its quarterly earnings results on Monday, May 9th. The company reported $0.06 earnings per share for the quarter, topping analysts’ consensus estimates of $0.04 by $0.02. The firm had revenue of $19.80 million for the quarter, compared to analyst estimates of $19.24 million. During the same period last year, the company posted $0.02 earnings per share. Analysts anticipate that Napco Security Technologies Inc. will post $0.31 earnings per share for the current fiscal year.
A number of hedge funds and institutional investors have recently bought and sold shares of the company. Wells Fargo & Company MN increased its position in Napco Security Technologies by 23.1% in the fourth quarter. Wells Fargo & Company MN now owns 172,755 shares of the company’s stock worth $1,019,000 after buying an additional 32,405 shares during the period. Teton Advisors Inc. increased its position in Napco Security Technologies by 17.2% in the fourth quarter. Teton Advisors Inc. now owns 207,211 shares of the company’s stock worth $1,223,000 after buying an additional 30,400 shares during the period. Finally, Dimensional Fund Advisors LP increased its position in Napco Security Technologies by 1.0% in the fourth quarter. Dimensional Fund Advisors LP now owns 908,978 shares of the company’s stock worth $5,363,000 after buying an additional 8,896 shares during the period.
Napco Security Technologies, Inc (NAPCO) is a diversified manufacturer of security products, including access control systems, door-locking products, intrusion and fire alarm systems and video surveillance products. The Company’s products are used for commercial, residential, institutional, industrial and governmental applications, and are sold worldwide principally to independent distributors, dealers and installers of security equipment.
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