ValuEngine upgraded shares of Nam Tai Property Inc. (NYSE:NTP) from a hold rating to a buy rating in a research report released on Monday morning.

Separately, BidaskClub upgraded Nam Tai Property from a buy rating to a strong-buy rating in a research report on Thursday, August 24th.

Nam Tai Property (NYSE NTP) opened at 10.45 on Monday. The stock has a 50 day moving average price of $10.20 and a 200-day moving average price of $8.38. The stock’s market cap is $382.21 million. Nam Tai Property has a 12-month low of $6.79 and a 12-month high of $11.23.

Nam Tai Property (NYSE:NTP) last issued its quarterly earnings data on Monday, July 31st. The electronics maker reported $0.06 earnings per share (EPS) for the quarter. The business had revenue of $0.54 million during the quarter. Nam Tai Property had a negative return on equity of 1.09% and a negative net margin of 112.71%.

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Hedge funds and other institutional investors have recently modified their holdings of the company. State Street Corp boosted its position in shares of Nam Tai Property by 0.6% during 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. boosted its position in shares of Nam Tai Property by 17.2% during 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 boosted its position in shares of Nam Tai Property by 3.3% during 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. Institutional investors and hedge funds own 28.01% 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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