NAPCO Security Technologies, Inc. (NSSC) Earns Buy Rating from Canaccord Genuity
NAPCO Security Technologies, Inc. (NASDAQ:NSSC)‘s stock had its “buy” rating reiterated by equities research analysts at Canaccord Genuity in a report issued on Monday. They currently have a $14.00 price objective on the industrial products company’s stock. Canaccord Genuity’s price objective would suggest a potential upside of 42.13% from the stock’s current price.
NAPCO Security Technologies (NASDAQ NSSC) traded down $0.05 during mid-day trading on Monday, hitting $9.85. 16,006 shares of the company’s stock were exchanged, compared to its average volume of 21,629. NAPCO Security Technologies has a 12-month low of $7.00 and a 12-month high of $10.95. The stock has a market capitalization of $186.60, a PE ratio of 33.00 and a beta of 0.58. The company has a debt-to-equity ratio of 0.06, a current ratio of 4.90 and a quick ratio of 2.39.
NAPCO Security Technologies (NASDAQ:NSSC) last released its quarterly earnings data on Monday, November 6th. The industrial products company reported $0.05 earnings per share (EPS) for the quarter, meeting analysts’ consensus estimates of $0.05. The firm had revenue of $21.17 million for the quarter, compared to analysts’ expectations of $21.56 million. NAPCO Security Technologies had a net margin of 6.41% and a return on equity of 10.40%. The company’s revenue for the quarter was up 5.0% compared to the same quarter last year. During the same quarter in the previous year, the company earned $0.03 earnings per share.
Large investors have recently bought and sold shares of the stock. Dimensional Fund Advisors LP lifted its stake in shares of NAPCO Security Technologies by 0.4% in the second quarter. Dimensional Fund Advisors LP now owns 903,086 shares of the industrial products company’s stock worth $8,489,000 after buying an additional 3,804 shares in the last quarter. Wasatch Advisors Inc. increased its holdings in NAPCO Security Technologies by 2.8% during the second quarter. Wasatch Advisors Inc. now owns 551,534 shares of the industrial products company’s stock valued at $5,184,000 after buying an additional 15,000 shares during the last quarter. Vanguard Group Inc. increased its holdings in NAPCO Security Technologies by 11.2% during the second quarter. Vanguard Group Inc. now owns 410,789 shares of the industrial products company’s stock valued at $3,862,000 after buying an additional 41,221 shares during the last quarter. Teton Advisors Inc. boosted its position in shares of NAPCO Security Technologies by 6.0% in the third quarter. Teton Advisors Inc. now owns 269,357 shares of the industrial products company’s stock worth $2,613,000 after purchasing an additional 15,346 shares during the period. Finally, Renaissance Technologies LLC boosted its position in shares of NAPCO Security Technologies by 2.2% in the first quarter. Renaissance Technologies LLC now owns 244,572 shares of the industrial products company’s stock worth $2,495,000 after purchasing an additional 5,272 shares during the period. 30.07% of the stock is currently owned by institutional investors and hedge funds.
About NAPCO Security Technologies
NAPCO Security Technologies, Inc is a manufacturer of security products, encompassing access control systems, door-locking products, intrusion and fire alarm systems and video surveillance products. These products are used for commercial, residential, institutional, industrial and governmental applications, and are sold across the world principally to independent distributors, dealers and installers of security equipment.
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