Napco Security Technologies (NASDAQ:NSSC) Upgraded to “Strong-Buy” by BidaskClub

BidaskClub upgraded shares of Napco Security Technologies (NASDAQ:NSSC) from a buy rating to a strong-buy rating in a research report report published on Tuesday morning, BidAskClub reports.

Other equities analysts have also recently issued research reports about the company. Canaccord Genuity reaffirmed a buy rating and issued a $32.00 target price (up previously from $24.00) on shares of Napco Security Technologies in a report on Tuesday, May 7th. Imperial Capital started coverage on Napco Security Technologies in a report on Friday, June 21st. They issued an outperform rating and a $36.00 target price for the company. Lake Street Capital started coverage on Napco Security Technologies in a report on Tuesday, June 11th. They issued a buy rating and a $35.00 target price for the company. ValuEngine raised Napco Security Technologies from a buy rating to a strong-buy rating in a report on Tuesday, July 2nd. Finally, Zacks Investment Research raised Napco Security Technologies from a hold rating to a buy rating and set a $31.00 target price for the company in a report on Thursday, May 9th. Six equities research analysts have rated the stock with a buy rating and one has assigned a strong buy rating to the company. The stock has an average rating of Buy and an average price target of $29.86.

Shares of NSSC opened at $28.62 on Tuesday. Napco Security Technologies has a 12-month low of $12.90 and a 12-month high of $34.91. The stock has a 50-day moving average price of $27.74. The firm has a market cap of $534.85 million, a PE ratio of 69.80 and a beta of 0.64.

Napco Security Technologies (NASDAQ:NSSC) last issued its earnings results on Monday, May 6th. The industrial products company reported $0.17 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates 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 business had revenue of $25.10 million during the quarter, compared to analysts’ expectations of $23.54 million. During the same quarter in the prior year, the firm earned $0.92 EPS. The business’s revenue for the quarter was up 13.1% compared to the same quarter last year. On average, equities analysts anticipate that Napco Security Technologies will post 0.66 earnings per share for the current year.

Hedge funds have recently modified their holdings of the company. Denali Advisors LLC increased its stake in shares of Napco Security Technologies by 581.5% in the second quarter. Denali Advisors LLC now owns 1,070 shares of the industrial products company’s stock valued at $32,000 after buying an additional 913 shares during the period. BNP Paribas Arbitrage SA increased its stake in shares of Napco Security Technologies by 62,175.0% in the first quarter. BNP Paribas Arbitrage SA now owns 2,491 shares of the industrial products company’s stock valued at $52,000 after buying an additional 2,487 shares during the period. Advantage Investment Management LLC increased its stake in shares of Napco Security Technologies by 24.9% in the second quarter. Advantage Investment Management LLC now owns 2,845 shares of the industrial products company’s stock valued at $84,000 after buying an additional 568 shares during the period. Metropolitan Life Insurance Co NY acquired a new stake in shares of Napco Security Technologies in the first quarter valued at about $84,000. Finally, Advisor Group Inc. increased its stake in shares of Napco Security Technologies by 427.8% in the second quarter. Advisor Group Inc. now owns 3,167 shares of the industrial products company’s stock valued at $94,000 after buying an additional 2,567 shares during the period. 39.35% of the stock is owned by institutional investors.

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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