Napco Security Technologies, Inc. (NASDAQ:NSSC) Receives Average Rating of “Buy” from Analysts

Shares of Napco Security Technologies, Inc. (NASDAQ:NSSC – Get Rating) have been assigned a consensus recommendation of “Buy” from the nine analysts that are presently covering the company, MarketBeat Ratings reports. Three research analysts have rated the stock with a hold rating and five have assigned a buy rating to the company. The average 1-year price objective among brokerages that have updated their coverage on the stock in the last year is $28.20.

A number of equities research analysts have recently issued reports on the stock. Canaccord Genuity Group cut their price objective on shares of Napco Security Technologies from $59.00 to $30.00 and set a “buy” rating for the company in a research note on Friday, January 14th. Zacks Investment Research raised shares of Napco Security Technologies from a “sell” rating to a “hold” rating in a research note on Wednesday, April 13th. TheStreet cut shares of Napco Security Technologies from a “b” rating to a “c+” rating in a research note on Wednesday, April 6th. Canaccord Genuity Group cut their price objective on shares of Napco Security Technologies from $59.00 to $30.00 and set a “buy” rating for the company in a research note on Friday, January 14th. Finally, StockNews.com began coverage on shares of Napco Security Technologies in a research note on Thursday, March 31st. They issued a “hold” rating for the company.

Institutional investors and hedge funds have recently added to or reduced their stakes in the business. Roubaix Capital LLC raised its position in Napco Security Technologies by 757.6% in the 1st quarter. Roubaix Capital LLC now owns 312,193 shares of the industrial products company’s stock worth $6,406,000 after purchasing an additional 275,792 shares during the period. Alta Capital Management LLC raised its holdings in shares of Napco Security Technologies by 146.9% during the first quarter. Alta Capital Management LLC now owns 219,080 shares of the industrial products company’s stock worth $4,495,000 after purchasing an additional 130,340 shares during the last quarter. EAM Global Investors LLC purchased a new position in Napco Security Technologies in the third quarter valued at $2,282,000. Citadel Advisors LLC grew its position in shares of Napco Security Technologies by 982.7% in the fourth quarter. Citadel Advisors LLC now owns 53,216 shares of the industrial products company’s stock valued at $2,660,000 after purchasing an additional 48,301 shares during the period. Finally, Silvercrest Asset Management Group LLC grew its position in shares of Napco Security Technologies by 61.2% in the fourth quarter. Silvercrest Asset Management Group LLC now owns 125,873 shares of the industrial products company’s stock valued at $6,291,000 after purchasing an additional 47,791 shares during the period. 32.78% of the stock is owned by institutional investors and hedge funds.

Shares of Napco Security Technologies stock opened at $18.35 on Friday. The company’s 50 day moving average price is $20.20 and its two-hundred day moving average price is $24.14. The firm has a market capitalization of $674.00 million, a P/E ratio of 37.07 and a beta of 1.37. Napco Security Technologies has a fifty-two week low of $15.33 and a fifty-two week high of $26.00.

Napco Security Technologies (NASDAQ:NSSC – Get Rating) last issued its quarterly earnings results on Monday, February 7th. The industrial products company reported $0.03 EPS for the quarter, missing the Zacks’ consensus estimate of $0.09 by ($0.06). The company had revenue of $33.41 million during the quarter, compared to the consensus estimate of $31.31 million. Napco Security Technologies had a return on equity of 15.64% and a net margin of 14.19%. During the same period in the previous year, the company earned $0.09 EPS. Research analysts expect that Napco Security Technologies will post 0.37 earnings per share for the current year.

Napco Security Technologies Company Profile (Get Rating)

Napco Security Technologies, Inc develops, manufactures, and sells electronic security products in the United States and internationally. The company offers access control systems, door-locking products, intrusion and fire alarm systems, and video surveillance systems for commercial, residential, institutional, industrial, and governmental applications.

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