National Presto Industries (NYSE:NPK) Stock Price Crosses Above 200-Day Moving Average – Here’s Why

National Presto Industries, Inc. (NYSE:NPK) crossed above its 200-day moving average during trading on Tuesday . The stock has a 200-day moving average of $93.32 and traded as high as $104.56. National Presto Industries shares last traded at $104.20, with a volume of 35,872 shares.

Analyst Ratings Changes

Separately, Wall Street Zen cut shares of National Presto Industries from a “buy” rating to a “hold” rating in a research report on Monday, May 12th.

National Presto Industries Price Performance

The business has a 50 day simple moving average of $100.94 and a 200 day simple moving average of $93.32. The stock has a market cap of $745.03 million, a PE ratio of 17.87 and a beta of 0.51.

National Presto Industries (NYSE:NPK) last released its quarterly earnings results on Friday, August 8th. The conglomerate reported $0.72 earnings per share for the quarter. The business had revenue of $120.45 million for the quarter. National Presto Industries had a net margin of 9.23% and a return on equity of 11.42%.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently modified their holdings of the business. Algert Global LLC boosted its position in National Presto Industries by 0.5% during the fourth quarter. Algert Global LLC now owns 21,337 shares of the conglomerate’s stock worth $2,100,000 after purchasing an additional 103 shares during the period. GAMMA Investing LLC boosted its position in National Presto Industries by 60.5% during the first quarter. GAMMA Investing LLC now owns 337 shares of the conglomerate’s stock worth $30,000 after purchasing an additional 127 shares during the period. Nebula Research & Development LLC boosted its position in National Presto Industries by 4.1% during the second quarter. Nebula Research & Development LLC now owns 3,778 shares of the conglomerate’s stock worth $370,000 after purchasing an additional 150 shares during the period. Occudo Quantitative Strategies LP boosted its position in National Presto Industries by 4.7% during the fourth quarter. Occudo Quantitative Strategies LP now owns 3,555 shares of the conglomerate’s stock worth $350,000 after purchasing an additional 161 shares during the period. Finally, Exchange Traded Concepts LLC boosted its position in National Presto Industries by 2.0% during the second quarter. Exchange Traded Concepts LLC now owns 8,735 shares of the conglomerate’s stock worth $856,000 after purchasing an additional 168 shares during the period. Institutional investors own 58.57% of the company’s stock.

About National Presto Industries

National Presto Industries, Inc provides housewares and small appliance, defense, and safety products in North America. The company’s Housewares/Small Appliance segment designs, markets, and distributes housewares and small electrical appliances, including pressure cookers and canners; heat control line of skillets, griddles, woks, and multi-purpose cookers; slow cookers; deep fryers; air fryers; waffle makers; pizza ovens; slicer/shredders; electric heaters; hot air, oil, and microwave corn poppers; dehydrators; vacuum sealers; rice cookers; microwave bacon cookers; egg cookers; coffeemakers and coffeemaker accessories; electric knife sharpeners; and timers under the Presto Control Master brand.