National Presto Industries (NYSE:NPK) Stock Crosses Above 200 Day Moving Average - Here's Why

Key Points

• National Presto Industries' stock price has risen above its 200-day moving average of $93.32, reaching highs of $104.56, indicating positive momentum in trading.
• On May 12th, a research report downgraded National Presto Industries from a "buy" rating to a "hold" rating, reflecting a change in analyst sentiment.
• The company reported quarterly earnings of $0.72 per share and a revenue of $120.45 million, showcasing a net margin of 9.23% and return on equity of 11.42%.

National Presto Industries, Inc. (NYSE:NPK - Get Free Report)'s share price crossed above its two hundred day moving average during trading on Tuesday . The stock has a two hundred day moving average of $93.32 and traded as high as $104.56. National Presto Industries shares last traded at $104.20, with a volume of 35,872 shares changing hands.

Wall Street Analyst Weigh In

Separately, Wall Street Zen lowered shares of National Presto Industries from a "buy" rating to a "hold" rating in a research note on Monday, May 12th.

National Presto Industries Trading Up 4.7%

The business's fifty day moving average is $101.56 and its 200 day moving average is $93.51. The firm has a market capitalization of $786.71 million, a P/E ratio of 18.88 and a beta of 0.51.

National Presto Industries (NYSE:NPK - Get Free Report) last released its earnings results on Friday, August 8th. The conglomerate reported $0.72 EPS for the quarter. National Presto Industries had a net margin of 9.23% and a return on equity of 11.42%. The business had revenue of $120.45 million for the quarter.

Institutional Investors Weigh In On National Presto Industries

Large investors have recently made changes to their positions in the company. GAMMA Investing LLC raised its holdings in shares of National Presto Industries by 60.5% during the first quarter. GAMMA Investing LLC now owns 337 shares of the conglomerate's stock valued at $30,000 after acquiring an additional 127 shares during the period. Operose Advisors LLC acquired a new stake in shares of National Presto Industries during the second quarter valued at approximately $36,000. Solstein Capital LLC acquired a new stake in shares of National Presto Industries during the second quarter valued at approximately $58,000. EverSource Wealth Advisors LLC increased its stake in National Presto Industries by 969.5% in the 2nd quarter. EverSource Wealth Advisors LLC now owns 631 shares of the conglomerate's stock valued at $62,000 after buying an additional 572 shares during the period. Finally, Lazard Asset Management LLC increased its stake in National Presto Industries by 64.6% in the 4th quarter. Lazard Asset Management LLC now owns 856 shares of the conglomerate's stock valued at $84,000 after buying an additional 336 shares during the period. Institutional investors and hedge funds own 58.57% of the company's stock.

About National Presto Industries

National Presto Industries, Inc provides housewares and small appliance, defense, and safety products in North America. The company's Housewares/Small Appliance segment designs, markets, and distributes housewares and small electrical appliances, including pressure cookers and canners; heat control line of skillets, griddles, woks, and multi-purpose cookers; slow cookers; deep fryers; air fryers; waffle makers; pizza ovens; slicer/shredders; electric heaters; hot air, oil, and microwave corn poppers; dehydrators; vacuum sealers; rice cookers; microwave bacon cookers; egg cookers; coffeemakers and coffeemaker accessories; electric knife sharpeners; and timers under the Presto Control Master brand.