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

Shares of National Presto Industries, Inc. (NYSE:NPK) crossed above its 200-day moving average during trading on Wednesday . The stock has a 200-day moving average of $109.73 and traded as high as $128.08. National Presto Industries shares last traded at $125.9570, with a volume of 95,744 shares.

Analyst Ratings Changes

NPK has been the topic of several research analyst reports. Wall Street Zen upgraded National Presto Industries from a “sell” rating to a “hold” rating in a research note on Saturday, January 10th. Weiss Ratings reissued a “buy (b-)” rating on shares of National Presto Industries in a research report on Monday, December 29th. One research analyst has rated the stock with a Buy rating, Based on data from MarketBeat, the company has a consensus rating of “Buy”.

National Presto Industries Stock Up 0.0%

The stock’s 50 day moving average price is $117.29 and its two-hundred day moving average price is $109.73. The stock has a market cap of $900.59 million, a price-to-earnings ratio of 23.15 and a beta of 0.52.

Hedge Funds Weigh In On National Presto Industries

Several institutional investors have recently made changes to their positions in the company. Pullen Investment Management LLC purchased a new stake in shares of National Presto Industries in the third quarter valued at approximately $1,683,000. Martin & Co. Inc. TN acquired a new stake in National Presto Industries in the 2nd quarter valued at $2,707,000. Walleye Capital LLC purchased a new stake in National Presto Industries in the 2nd quarter worth $1,643,000. Meixler Investment Management Ltd. purchased a new stake in National Presto Industries in the 2nd quarter worth $296,000. Finally, Solstein Capital LLC acquired a new position in National Presto Industries during the second quarter worth $58,000. 58.57% of the stock is owned by hedge funds and other institutional investors.

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.