Nam Tai Property Inc. (NTP) Upgraded to “Strong-Buy” by BidaskClub
BidaskClub upgraded shares of Nam Tai Property Inc. (NYSE:NTP) from a buy rating to a strong-buy rating in a research note issued to investors on Thursday morning.
Nam Tai Property (NYSE NTP) traded down 1.36% during mid-day trading on Thursday, hitting $10.90. The stock had a trading volume of 57,179 shares. The stock’s market cap is $398.67 million. Nam Tai Property has a one year low of $6.79 and a one year high of $11.23. The company has a 50 day moving average price of $9.86 and a 200 day moving average price of $8.20.
Nam Tai Property (NYSE:NTP) last issued its earnings results on Monday, July 31st. The electronics maker reported $0.06 earnings per share for the quarter. Nam Tai Property had a negative net margin of 112.71% and a negative return on equity of 1.09%. The business had revenue of $0.54 million for the quarter.
Institutional investors have recently added to or reduced their stakes in the stock. State Street Corp raised its position in Nam Tai Property by 0.6% in the second quarter. State Street Corp now owns 23,578 shares of the electronics maker’s stock worth $188,000 after buying an additional 141 shares during the period. Vanguard Group Inc. raised its position in Nam Tai Property by 17.2% in the second quarter. Vanguard Group Inc. now owns 114,213 shares of the electronics maker’s stock worth $914,000 after buying an additional 16,747 shares during the period. Finally, Kahn Brothers Group Inc. DE raised its position in Nam Tai Property by 3.3% in the second quarter. Kahn Brothers Group Inc. DE now owns 1,979,060 shares of the electronics maker’s stock worth $15,832,000 after buying an additional 63,800 shares during the period. Hedge funds and other institutional investors own 30.65% of the company’s stock.
Nam Tai Property Company Profile
Nam Tai Property Inc is a holding company. The Company is a property development and management company. The Company focuses on redevelopment of on two parcels of land in Gushu and Guangming, Shenzhen, China, into high-end commercial complexes. Its property development project in Guangming, Shenzhen, is named as Namtai Inno Park, and its property development project in Gushu, Shenzhen, is named as Namtai Inno City.
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