Napco Security Technologies (NASDAQ:NSSC) Upgraded to “Strong-Buy” at Zacks Investment Research – TechNewsObserver


Zacks Investment Research upgraded shares of Napco Security Technologies (NASDAQ:NSSC) from a hold rating to a strong-buy rating in a research report sent to investors on Thursday morning, Zacks.com reports. Zacks Investment Research currently has $33.00 price objective on the industrial products company’s stock.

According to Zacks, “NAPCO SECURITY SYSTEMS is engaged in the development, manufacture, distribution and sale of security alarm products and door security devices for commercial and residential installations. “

A number of other research firms have also weighed in on NSSC. ValuEngine lowered Napco Security Technologies from a hold rating to a sell rating in a research note on Friday, November 1st. Canaccord Genuity raised their price target on Napco Security Technologies from $32.00 to $33.00 and gave the company a buy rating in a research note on Wednesday, September 4th. Finally, BidaskClub lowered Napco Security Technologies from a strong-buy rating to a buy rating in a research note on Saturday, November 2nd. One research analyst has rated the stock with a sell rating, five have given a buy rating and one has assigned a strong buy rating to the company. The company presently has an average rating of Buy and an average target price of $30.46.

NSSC stock traded up $0.23 during midday trading on Thursday, reaching $28.26. The company’s stock had a trading volume of 5,486 shares, compared to its average volume of 157,171. The company has a debt-to-equity ratio of 0.10, a quick ratio of 2.50 and a current ratio of 4.55. The stock has a fifty day simple moving average of $27.55 and a two-hundred day simple moving average of $28.04. Napco Security Technologies has a 1 year low of $13.77 and a 1 year high of $34.91. The firm has a market capitalization of $525.69 million, a price-to-earnings ratio of 42.82 and a beta of 0.58.

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Napco Security Technologies (NASDAQ:NSSC) last released its earnings results on Monday, November 4th. The industrial products company reported $0.17 earnings per share for the quarter, topping analysts’ consensus estimates of $0.14 by $0.03. Napco Security Technologies had a return on equity of 20.17% and a net margin of 13.18%. The business had revenue of $26.29 million for the quarter, compared to analyst estimates of $25.99 million. During the same quarter last year, the firm posted $0.08 earnings per share. The business’s revenue was up 12.4% compared to the same quarter last year. As a group, analysts forecast that Napco Security Technologies will post 0.88 EPS for the current fiscal year.

Several institutional investors have recently made changes to their positions in the company. Advantage Investment Management LLC increased its stake 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 valued at $84,000 after buying an additional 568 shares during the period. Strs Ohio increased its stake in shares of Napco Security Technologies by 7.6% during the second quarter. Strs Ohio now owns 9,900 shares of the industrial products company’s stock valued at $293,000 after buying an additional 700 shares during the period. Envestnet Asset Management Inc. increased its stake in shares of Napco Security Technologies by 9.2% during the third quarter. Envestnet Asset Management Inc. now owns 9,696 shares of the industrial products company’s stock valued at $247,000 after buying an additional 813 shares during the period. Denali Advisors LLC increased its stake 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 valued at $32,000 after buying an additional 913 shares during the period. Finally, Navellier & Associates Inc increased its stake in shares of Napco Security Technologies by 7.8% during the second quarter. Navellier & Associates Inc now owns 12,736 shares of the industrial products company’s stock valued at $378,000 after buying an additional 925 shares during the period. Hedge funds and other institutional investors own 46.29% of the company’s stock.

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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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