Napco Security Technologies (NASDAQ:NSSC) Stock Price Passes Below 200 Day Moving Average – What’s Next?

Shares of Napco Security Technologies, Inc. (NASDAQ:NSSCGet Free Report) passed below its 200-day moving average during trading on Monday . The stock has a 200-day moving average of $43.32 and traded as low as $32.96. Napco Security Technologies shares last traded at $33.41, with a volume of 249,389 shares.

Wall Street Analyst Weigh In

A number of brokerages recently weighed in on NSSC. Craig Hallum decreased their price objective on shares of Napco Security Technologies from $65.00 to $48.00 and set a “buy” rating for the company in a report on Tuesday, November 5th. StockNews.com upgraded Napco Security Technologies from a “sell” rating to a “hold” rating in a report on Tuesday, December 3rd. DA Davidson reduced their price objective on Napco Security Technologies from $55.00 to $48.00 and set a “buy” rating on the stock in a report on Tuesday, November 5th. Lake Street Capital lowered their target price on Napco Security Technologies from $60.00 to $41.00 and set a “buy” rating for the company in a report on Tuesday, November 5th. Finally, TD Cowen dropped their price target on Napco Security Technologies from $60.00 to $46.00 and set a “buy” rating on the stock in a research report on Tuesday, November 5th. Three analysts have rated the stock with a hold rating and five have issued a buy rating to the company. According to MarketBeat, Napco Security Technologies presently has an average rating of “Moderate Buy” and an average price target of $47.14.

Read Our Latest Research Report on Napco Security Technologies

Napco Security Technologies Stock Performance

The firm has a market capitalization of $1.27 billion, a PE ratio of 25.43 and a beta of 1.65. The stock has a fifty day moving average price of $37.09 and a 200-day moving average price of $43.01.

Napco Security Technologies (NASDAQ:NSSCGet Free Report) last posted its earnings results on Monday, November 4th. The industrial products company reported $0.30 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.35 by ($0.05). The company had revenue of $44.00 million during the quarter, compared to analysts’ expectations of $46.56 million. Napco Security Technologies had a net margin of 26.43% and a return on equity of 29.56%. Napco Security Technologies’s revenue for the quarter was up 5.5% on a year-over-year basis. During the same quarter last year, the firm earned $0.28 EPS. Research analysts expect that Napco Security Technologies, Inc. will post 1.49 earnings per share for the current fiscal year.

Napco Security Technologies Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Friday, January 3rd. Stockholders of record on Thursday, December 12th were given a $0.125 dividend. This represents a $0.50 dividend on an annualized basis and a dividend yield of 1.45%. The ex-dividend date was Thursday, December 12th. Napco Security Technologies’s payout ratio is currently 36.76%.

Institutional Investors Weigh In On Napco Security Technologies

A number of hedge funds and other institutional investors have recently bought and sold shares of the company. State Street Corp increased its position in shares of Napco Security Technologies by 2.2% during the third quarter. State Street Corp now owns 783,327 shares of the industrial products company’s stock worth $31,790,000 after purchasing an additional 16,931 shares in the last quarter. Thrivent Financial for Lutherans purchased a new position in Napco Security Technologies during the 3rd quarter worth $2,644,000. XTX Topco Ltd acquired a new position in Napco Security Technologies during the 3rd quarter valued at about $672,000. Barclays PLC raised its stake in Napco Security Technologies by 266.0% in the third quarter. Barclays PLC now owns 62,085 shares of the industrial products company’s stock valued at $2,511,000 after buying an additional 45,122 shares during the last quarter. Finally, Envestnet Asset Management Inc. boosted its holdings in Napco Security Technologies by 35.6% in the second quarter. Envestnet Asset Management Inc. now owns 385,354 shares of the industrial products company’s stock worth $20,019,000 after acquiring an additional 101,182 shares in the last quarter. Hedge funds and other institutional investors own 85.07% of the company’s stock.

About Napco Security Technologies

(Get Free Report)

Napco Security Technologies, Inc develops, manufactures, and sells electronic security systems for commercial, residential, institutional, industrial, and governmental applications in the United States and internationally. Its access control systems include various types of identification readers, control panels, PC-based computers, and electronically activated door-locking devices; intrusion and fire alarm systems, consists of various detectors, a control panel, a digital keypad and signaling equipment; and door locking devices comprise microprocessor-based electronic door locks with push button, card readers and bio-metric operation, door alarms, mechanical door locks, and simple dead bolt locks.

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