NAPCO Security Technologies (NASDAQ:NSSC) Coverage Initiated at Mizuho

Research analysts at Mizuho started coverage on shares of NAPCO Security Technologies (NASDAQ:NSSC - Get Free Report) in a research note issued to investors on Thursday,Briefing.com Automated Import reports. The firm set an "outperform" rating and a $39.00 price target on the industrial products company's stock. Mizuho's target price indicates a potential upside of 29.14% from the stock's current price.

NSSC has been the subject of several other reports. DA Davidson set a $33.00 price objective on NAPCO Security Technologies and gave the stock a "buy" rating in a research note on Wednesday, June 25th. Needham & Company LLC lowered their target price on NAPCO Security Technologies from $37.00 to $32.00 and set a "buy" rating for the company in a research note on Tuesday, May 6th. Finally, Lake Street Capital set a $26.00 target price on NAPCO Security Technologies in a research note on Monday, May 5th. Five research analysts have rated the stock with a hold rating and three have issued a buy rating to the company. Based on data from MarketBeat.com, the stock has an average rating of "Hold" and an average price target of $30.83.

NAPCO Security Technologies Price Performance

NAPCO Security Technologies stock opened at $30.20 on Thursday. The stock has a fifty day moving average price of $28.07 and a two-hundred day moving average price of $27.64. NAPCO Security Technologies has a 52-week low of $19.00 and a 52-week high of $58.09. The firm has a market capitalization of $1.08 billion, a P/E ratio of 24.75 and a beta of 1.43.

NAPCO Security Technologies (NASDAQ:NSSC - Get Free Report) last released its quarterly earnings data on Monday, May 5th. The industrial products company reported $0.28 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.27 by $0.01. NAPCO Security Technologies had a return on equity of 26.14% and a net margin of 25.00%. The firm had revenue of $43.96 million during the quarter, compared to analyst estimates of $45.11 million. During the same period in the prior year, the company posted $0.37 earnings per share. The business's revenue for the quarter was down 10.8% compared to the same quarter last year. On average, equities research analysts predict that NAPCO Security Technologies will post 1.24 EPS for the current fiscal year.

Institutional Trading of NAPCO Security Technologies

Hedge funds and other institutional investors have recently added to or reduced their stakes in the company. GAMMA Investing LLC increased its position in NAPCO Security Technologies by 227.2% in the first quarter. GAMMA Investing LLC now owns 1,106 shares of the industrial products company's stock worth $25,000 after purchasing an additional 768 shares during the period. New Age Alpha Advisors LLC acquired a new stake in NAPCO Security Technologies in the fourth quarter worth about $32,000. Caption Management LLC acquired a new stake in NAPCO Security Technologies in the fourth quarter worth about $33,000. Point72 Asia Singapore Pte. Ltd. acquired a new stake in NAPCO Security Technologies in the fourth quarter worth about $53,000. Finally, Mpwm Advisory Solutions LLC acquired a new stake in NAPCO Security Technologies in the fourth quarter worth about $54,000. 85.07% of the stock is currently owned by institutional investors and hedge funds.

About NAPCO Security Technologies

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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