NPK International (NYSE:NPKI) Hits New 52-Week High – What’s Next?

NPK International Inc. (NYSE:NPKI)’s share price reached a new 52-week high on Thursday . The stock traded as high as $14.43 and last traded at $13.8060, with a volume of 123 shares trading hands. The stock had previously closed at $13.97.

Wall Street Analyst Weigh In

NPKI has been the subject of a number of research analyst reports. Wall Street Zen lowered NPK International from a “buy” rating to a “hold” rating in a research report on Saturday, January 17th. Weiss Ratings restated a “hold (c)” rating on shares of NPK International in a report on Monday, December 29th. Finally, HC Wainwright increased their target price on shares of NPK International from $12.00 to $18.00 and gave the stock a “buy” rating in a report on Monday, November 3rd. Three equities research analysts have rated the stock with a Buy rating and one has issued a Hold rating to the company. According to data from MarketBeat.com, NPK International currently has a consensus rating of “Moderate Buy” and a consensus target price of $14.17.

NPK International Price Performance

The firm has a market capitalization of $1.16 billion, a P/E ratio of 36.07 and a beta of 1.24. The stock’s fifty day simple moving average is $12.59 and its 200 day simple moving average is $11.30. The company has a debt-to-equity ratio of 0.02, a current ratio of 2.20 and a quick ratio of 2.00.

NPK International (NYSE:NPKI) last issued its quarterly earnings data on Thursday, October 30th. The company reported $0.07 earnings per share (EPS) for the quarter, hitting analysts’ consensus estimates of $0.07. The firm had revenue of $68.84 million for the quarter, compared to the consensus estimate of $56.83 million. NPK International had a net margin of 12.74% and a return on equity of 9.93%. On average, equities research analysts predict that NPK International Inc. will post 0.39 EPS for the current year.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently made changes to their positions in NPKI. Amalgamated Bank purchased a new stake in shares of NPK International during the second quarter valued at $25,000. EverSource Wealth Advisors LLC purchased a new stake in NPK International during the 2nd quarter valued at about $26,000. CWM LLC acquired a new position in shares of NPK International in the second quarter valued at about $27,000. Wilmington Savings Fund Society FSB acquired a new position in shares of NPK International in the third quarter valued at about $28,000. Finally, Wealth Enhancement Advisory Services LLC purchased a new position in shares of NPK International in the third quarter worth about $33,000. Hedge funds and other institutional investors own 80.81% of the company’s stock.

NPK International Company Profile

NPK International, Inc (NYSE: NPKI) is a specialty chemical distributor supplying a broad range of industrial and performance materials across diverse end-markets. Its product portfolio includes acetic acid and derivatives, alcohols, ketones, esters, glycol ethers, glycols, specialty solvents, select inorganic chemicals and crop-protection intermediates. These materials serve industries such as coatings, adhesives and sealants, oil and gas, personal care, pharmaceuticals, agrochemicals and water treatment.

The company places a strong emphasis on supply-chain security and technical service, maintaining warehousing, logistics support and laboratory capabilities at its regional distribution centers.