Somewhat Favorable Media Coverage Somewhat Unlikely to Impact Nam Tai Property (NTP) Stock Price

Media stories about Nam Tai Property (NYSE:NTP) have been trending somewhat positive on Thursday, Accern reports. The research firm identifies positive and negative news coverage by reviewing more than twenty million news and blog sources. Accern ranks coverage of publicly-traded companies on a scale of -1 to 1, with scores nearest to one being the most favorable. Nam Tai Property earned a coverage optimism score of 0.09 on Accern’s scale. Accern also assigned news stories about the electronics maker an impact score of 46.531754595157 out of 100, indicating that recent news coverage is somewhat unlikely to have an impact on the company’s share price in the next several days.

Nam Tai Property (NYSE NTP) traded up $0.05 during midday trading on Thursday, reaching $12.30. The company’s stock had a trading volume of 34,400 shares, compared to its average volume of 78,327. The stock has a market cap of $448.29, a PE ratio of 410.00 and a beta of 0.24. Nam Tai Property has a 52-week low of $6.79 and a 52-week high of $13.30.

The business also recently declared a quarterly dividend, which will be paid on Friday, January 19th. Shareholders of record on Sunday, December 31st will be issued a $0.07 dividend. This represents a $0.28 dividend on an annualized basis and a yield of 2.28%. The ex-dividend date of this dividend is Thursday, December 28th. Nam Tai Property’s dividend payout ratio is presently 933.33%.

Separately, ValuEngine upgraded Nam Tai Property from a “hold” rating to a “buy” rating in a report on Monday, September 4th.

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About Nam Tai Property

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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