National Presto Industries (NYSE:NPK) Share Price Crosses Above Two Hundred Day Moving Average – Here’s What Happened

National Presto Industries, Inc. (NYSE:NPK) crossed above its two hundred day moving average during trading on Tuesday . The stock has a two hundred day moving average of $108.68 and traded as high as $130.62. National Presto Industries shares last traded at $126.5020, with a volume of 78,821 shares traded.

Wall Street Analysts Forecast Growth

A number of equities research analysts have weighed in on NPK shares. Weiss Ratings restated a “buy (b-)” rating on shares of National Presto Industries in a research note on Monday, December 29th. Wall Street Zen raised shares of National Presto Industries from a “sell” rating to a “hold” rating in a research report on Saturday, January 10th. One investment analyst has rated the stock with a Buy rating, According to data from MarketBeat, National Presto Industries presently has a consensus rating of “Buy”.

National Presto Industries Stock Performance

The company has a market cap of $904.74 million, a P/E ratio of 23.25 and a beta of 0.52. The business has a fifty day simple moving average of $114.32 and a 200 day simple moving average of $108.68.

Institutional Trading of National Presto Industries

A number of institutional investors and hedge funds have recently modified their holdings of NPK. Royal Bank of Canada boosted its holdings in shares of National Presto Industries by 6.9% in the 1st quarter. Royal Bank of Canada now owns 6,400 shares of the conglomerate’s stock valued at $563,000 after buying an additional 414 shares during the period. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. lifted its holdings in National Presto Industries by 48.5% in the first quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 23,652 shares of the conglomerate’s stock worth $2,079,000 after acquiring an additional 7,721 shares during the last quarter. Solstein Capital LLC bought a new position in National Presto Industries in the second quarter worth about $58,000. Y Intercept Hong Kong Ltd acquired a new position in National Presto Industries in the second quarter valued at approximately $910,000. Finally, Meixler Investment Management Ltd. bought a new position in shares of National Presto Industries during the second quarter valued at approximately $296,000. 58.57% of the stock is owned by institutional investors and hedge funds.

National Presto Industries Company Profile

National Presto Industries, Inc is an American diversified manufacturer headquartered in Eau Claire, Wisconsin. The company operates primarily through three business segments—Housewares/Small Appliances, Defense Products, and Safety—which together supply a range of consumer and industrial markets. Founded in 1905, National Presto Industries has built a reputation for durable, user-friendly products marketed under the Presto and National Presto brands.

In its Housewares/Small Appliances segment, National Presto offers a variety of kitchen products designed to simplify home cooking and meal preparation.