National Presto Industries (NYSE:NPK) Stock Price Crosses Above Two Hundred Day Moving Average - Should You Sell?

Key Points

• National Presto Industries (NYSE:NPK) stock price exceeded its 200-day moving average of $96.91, trading as high as $119.59, indicating a significant upward trend in the stock's performance.
• Analysts have a consensus rating of "Buy" for National Presto Industries shares, with Weiss Ratings reaffirming this stance in a recent report.
• Institutional investors own 58.57% of the company's stock, with several large investments made in the recent quarters, reflecting growing interest in the company.

National Presto Industries, Inc. (NYSE:NPK - Get Free Report)'s share price passed above its 200-day moving average during trading on Monday . The stock has a 200-day moving average of $96.91 and traded as high as $119.59. National Presto Industries shares last traded at $119.51, with a volume of 47,492 shares traded.

Analysts Set New Price Targets

Separately, Weiss Ratings reissued a "buy (b)" rating on shares of National Presto Industries in a research report on Saturday, September 27th. One investment analyst has rated the stock with a Buy rating, Based on data from MarketBeat, the stock presently has a consensus rating of "Buy".

National Presto Industries Stock Performance

The business's 50 day simple moving average is $107.37 and its 200-day simple moving average is $96.91. The company has a market cap of $854.50 million, a price-to-earnings ratio of 20.50 and a beta of 0.49.

National Presto Industries (NYSE:NPK - Get Free Report) last posted its quarterly earnings results on Friday, August 8th. The conglomerate reported $0.72 earnings per share 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

Several large investors have recently made changes to their positions in the company. Massar Capital Management LP acquired a new position in National Presto Industries in the second quarter worth approximately $4,898,000. Amanah Holdings Trust bought a new stake in National Presto Industries in the second quarter worth approximately $4,408,000. GAMMA Investing LLC increased its stake in shares of National Presto Industries by 14,007.6% during the 1st quarter. GAMMA Investing LLC now owns 29,626 shares of the conglomerate's stock worth $2,604,000 after purchasing an additional 29,416 shares during the last quarter. Martin & Co. Inc. TN acquired a new position in shares of National Presto Industries during the 2nd quarter worth $2,707,000. Finally, Jones Financial Companies Lllp bought a new position in shares of National Presto Industries during the 1st quarter valued at $1,627,000. Institutional investors own 58.57% of the company's stock.

National Presto Industries Company Profile

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.

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