Nam Tai Property Inc. (NTP) Upgraded at ValuEngine
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%.
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.
To view ValuEngine’s full report, visit ValuEngine’s official website.
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