NAPCO Security Technologies (NASDAQ:NSSC) Stock Passes Above Two Hundred Day Moving Average - What's Next?

Key Points

• NAPCO Security Technologies shares surpassed their 200-day moving average, trading at $43.50, with a high of $43.92 during the day.
• The company reported a quarterly earnings per share (EPS) of $0.33, exceeding analysts' expectations, and recorded a revenue of $50.72 million.
• Analysts have issued a consensus "Moderate Buy" rating with a target price of $40.33, reflecting positive sentiment around the stock's performance.

NAPCO Security Technologies, Inc. (NASDAQ:NSSC - Get Free Report) shares passed above its two hundred day moving average during trading on Wednesday . The stock has a two hundred day moving average of $31.02 and traded as high as $43.92. NAPCO Security Technologies shares last traded at $43.50, with a volume of 257,340 shares trading hands.

Analyst Ratings Changes

Several equities analysts recently issued reports on NSSC shares. Mizuho started coverage on NAPCO Security Technologies in a research report on Thursday, July 10th. They issued an "outperform" rating and a $39.00 price objective for the company. Wall Street Zen upgraded NAPCO Security Technologies from a "hold" rating to a "buy" rating in a research report on Saturday, August 30th. Craig Hallum upgraded NAPCO Security Technologies from a "hold" rating to a "buy" rating and set a $40.00 price objective for the company in a research report on Tuesday, August 26th. Needham & Company LLC boosted their price objective on NAPCO Security Technologies from $32.00 to $36.00 and gave the company a "buy" rating in a research report on Tuesday, August 26th. Finally, DA Davidson set a $50.00 price objective on NAPCO Security Technologies and gave the company a "buy" rating in a research report on Wednesday, September 24th. One analyst has rated the stock with a Strong Buy rating, five have assigned a Buy rating and three have issued a Hold rating to the company. According to data from MarketBeat.com, the company currently has an average rating of "Moderate Buy" and a consensus target price of $40.33.

NAPCO Security Technologies Trading Up 1.2%

The company has a market cap of $1.55 billion, a P/E ratio of 36.55 and a beta of 1.52. The business has a 50 day moving average price of $38.79 and a 200-day moving average price of $31.02.

NAPCO Security Technologies (NASDAQ:NSSC - Get Free Report) last announced its quarterly earnings data on Monday, August 25th. The industrial products company reported $0.33 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $0.26 by $0.07. NAPCO Security Technologies had a return on equity of 25.42% and a net margin of 23.90%.The company had revenue of $50.72 million for the quarter, compared to analysts' expectations of $44.26 million. During the same quarter in the prior year, the business posted $0.39 EPS. The business's revenue was up .8% compared to the same quarter last year. On average, sell-side analysts expect that NAPCO Security Technologies, Inc. will post 1.24 earnings per share for the current year.

NAPCO Security Technologies Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Friday, October 3rd. Stockholders of record on Friday, September 12th were paid a dividend of $0.14 per share. The ex-dividend date was Friday, September 12th. This represents a $0.56 dividend on an annualized basis and a dividend yield of 1.3%. NAPCO Security Technologies's dividend payout ratio is currently 47.06%.

Institutional Inflows and Outflows

Large investors have recently added to or reduced their stakes in the company. Exchange Traded Concepts LLC bought a new position in NAPCO Security Technologies during the 3rd quarter worth $26,000. Quaker Wealth Management LLC grew its holdings in shares of NAPCO Security Technologies by 200.0% during the 2nd quarter. Quaker Wealth Management LLC now owns 1,050 shares of the industrial products company's stock worth $31,000 after purchasing an additional 2,100 shares in the last quarter. GAMMA Investing LLC grew its holdings in shares of NAPCO Security Technologies by 227.2% during the 1st 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 in the last quarter. First Horizon Advisors Inc. grew its holdings in shares of NAPCO Security Technologies by 49.8% during the 2nd quarter. First Horizon Advisors Inc. now owns 1,552 shares of the industrial products company's stock worth $46,000 after purchasing an additional 516 shares in the last quarter. Finally, Farther Finance Advisors LLC grew its holdings in shares of NAPCO Security Technologies by 35.4% during the 1st quarter. Farther Finance Advisors LLC now owns 3,832 shares of the industrial products company's stock worth $87,000 after purchasing an additional 1,002 shares in the last quarter. Institutional investors own 85.07% of the company's stock.

NAPCO Security Technologies Company Profile

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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