National Presto Industries, Inc. (NYSE:NPK) was downgraded by equities researchers at BidaskClub from a “hold” rating to a “sell” rating in a note issued to investors on Tuesday.

Shares of National Presto Industries (NYSE NPK) opened at 99.95 on Tuesday. The company has a 50-day moving average price of $109.42 and a 200-day moving average price of $105.45. National Presto Industries has a 52 week low of $83.53 and a 52 week high of $114.70. The stock has a market cap of $696.15 million, a price-to-earnings ratio of 12.25 and a beta of 0.44.

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Several large investors have recently modified their holdings of the stock. Acrospire Investment Management LLC purchased a new stake in shares of National Presto Industries during the second quarter worth $107,000. Bruderman Asset Management LLC purchased a new stake in shares of National Presto Industries during the second quarter worth $120,000. Schroder Investment Management Group purchased a new stake in shares of National Presto Industries during the second quarter worth $122,000. Advisory Services Network LLC boosted its stake in shares of National Presto Industries by 7.3% in the second quarter. Advisory Services Network LLC now owns 1,141 shares of the conglomerate’s stock worth $126,000 after buying an additional 78 shares during the last quarter. Finally, BNP Paribas Arbitrage SA boosted its stake in shares of National Presto Industries by 50.6% in the second quarter. BNP Paribas Arbitrage SA now owns 1,610 shares of the conglomerate’s stock worth $178,000 after buying an additional 541 shares during the last quarter. 53.82% of the stock is owned by institutional investors and hedge funds.

About National Presto Industries

National Presto Industries, Inc operates through two business segments: the Housewares/Small Appliance segment and the Defense segment. The Housewares/Small Appliance segment designs, markets and distributes housewares and small electrical appliances, including pressure cookers and canners, kitchen electrics and comfort appliances.

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