Napco Security Technologies (NASDAQ:NSSC) Cut to Buy at BidaskClub

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BidaskClub downgraded shares of Napco Security Technologies (NASDAQ:NSSC) from a strong-buy rating to a buy rating in a research note released on Monday morning, BidAskClub reports.

A number of other brokerages have also recently commented on NSSC. Imperial Capital began coverage on Napco Security Technologies in a research report on Friday, June 21st. They set an outperform rating and a $36.00 price target for the company. Lake Street Capital began coverage on Napco Security Technologies in a report on Tuesday, June 11th. They issued a buy rating and a $35.00 price objective for the company. Zacks Investment Research raised Napco Security Technologies from a hold rating to a buy rating and set a $31.00 price objective for the company in a report on Thursday, May 9th. Finally, Canaccord Genuity reissued a buy rating and issued a $32.00 price objective (up previously from $24.00) on shares of Napco Security Technologies in a report on Tuesday, May 7th. Seven investment analysts have rated the stock with a buy rating, The stock currently has a consensus rating of Buy and a consensus target price of $29.86.

Napco Security Technologies stock opened at $28.82 on Monday. The stock has a fifty day simple moving average of $28.68. Napco Security Technologies has a 1-year low of $12.90 and a 1-year high of $34.91. The firm has a market cap of $554.62 million, a PE ratio of 70.29 and a beta of 0.62.

Napco Security Technologies (NASDAQ:NSSC) last issued its quarterly earnings results on Monday, May 6th. The industrial products company reported $0.17 EPS for the quarter, topping the Zacks’ consensus estimate of $0.11 by $0.06. Napco Security Technologies had a return on equity of 17.34% and a net margin of 11.12%. The company had revenue of $25.10 million during the quarter, compared to analysts’ expectations of $23.54 million. During the same quarter in the previous year, the firm posted $0.92 EPS. The firm’s revenue was up 13.1% compared to the same quarter last year. Research analysts predict that Napco Security Technologies will post 0.66 earnings per share for the current fiscal year.

Several hedge funds have recently modified their holdings of the company. Metropolitan Life Insurance Co NY acquired a new position in shares of Napco Security Technologies in the 1st quarter valued at about $84,000. MetLife Investment Advisors LLC acquired a new position in shares of Napco Security Technologies in the 1st quarter valued at about $117,000. Granite Investment Partners LLC lifted its holdings in shares of Napco Security Technologies by 87.8% in the 1st quarter. Granite Investment Partners LLC now owns 109,277 shares of the industrial products company’s stock valued at $2,266,000 after buying an additional 51,080 shares during the period. Kennedy Capital Management Inc. lifted its holdings in shares of Napco Security Technologies by 4.3% in the 1st quarter. Kennedy Capital Management Inc. now owns 81,872 shares of the industrial products company’s stock valued at $1,698,000 after buying an additional 3,372 shares during the period. Finally, EAM Global Investors LLC acquired a new position in shares of Napco Security Technologies in the 1st quarter valued at about $1,515,000. 39.15% of the stock is owned by institutional investors and hedge funds.

Napco Security Technologies Company Profile

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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