Canaccord Genuity Reiterates “Buy” Rating for NAPCO Security Technologies, Inc. (NSSC)
NAPCO Security Technologies, Inc. (NASDAQ:NSSC)‘s stock had its “buy” rating reaffirmed by equities research analysts at Canaccord Genuity in a research report issued to clients and investors on Monday. They presently have a $14.00 price target on the industrial products company’s stock. Canaccord Genuity’s price objective would suggest a potential upside of 46.60% from the company’s current price.
Shares of NAPCO Security Technologies (NASDAQ:NSSC) opened at $9.55 on Monday. NAPCO Security Technologies has a one year low of $7.00 and a one year high of $10.95. The company has a quick ratio of 2.39, a current ratio of 4.90 and a debt-to-equity ratio of 0.06. The stock has a market cap of $185.66, a price-to-earnings ratio of 30.78 and a beta of 0.58.
NAPCO Security Technologies (NASDAQ:NSSC) last posted its earnings results on Monday, November 6th. The industrial products company reported $0.05 earnings per share (EPS) for the quarter, hitting the Thomson Reuters’ consensus estimate of $0.05. NAPCO Security Technologies had a net margin of 6.70% and a return on equity of 10.86%. The firm had revenue of $21.17 million during the quarter, compared to analyst estimates of $21.56 million. During the same quarter in the prior year, the business posted $0.03 EPS. The business’s revenue was up 5.0% compared to the same quarter last year.
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Several hedge funds and other institutional investors have recently bought and sold shares of NSSC. Renaissance Technologies LLC grew its stake in shares of NAPCO Security Technologies by 2.2% in the 1st quarter. Renaissance Technologies LLC now owns 244,572 shares of the industrial products company’s stock worth $2,495,000 after acquiring an additional 5,272 shares in the last quarter. KCG Holdings Inc. bought a new stake in shares of NAPCO Security Technologies in the 1st quarter worth $143,000. Goldman Sachs Group Inc. bought a new stake in shares of NAPCO Security Technologies in the 1st quarter worth $496,000. Taylor Wealth Management Partners grew its stake in shares of NAPCO Security Technologies by 507.0% in the 2nd quarter. Taylor Wealth Management Partners now owns 232,625 shares of the industrial products company’s stock worth $2,187,000 after acquiring an additional 194,300 shares in the last quarter. Finally, Municipal Employees Retirement System of Michigan bought a new stake in shares of NAPCO Security Technologies in the 2nd quarter worth $352,000. Hedge funds and other institutional investors own 30.07% of the company’s stock.
About NAPCO Security Technologies
NAPCO Security Technologies, Inc is a manufacturer of security products, encompassing access control systems, door-locking products, intrusion and fire alarm systems and video surveillance products. These products are used for commercial, residential, institutional, industrial and governmental applications, and are sold across the world principally to independent distributors, dealers and installers of security equipment.
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