Napco Security Technologies (NSSC) Earns “Buy” Rating from Canaccord Genuity

Canaccord Genuity reaffirmed their buy rating on shares of Napco Security Technologies (NASDAQ:NSSC) in a research note issued to investors on Monday, February 5th. Canaccord Genuity currently has a $14.00 target price on the industrial products company’s stock.

Napco Security Technologies (NASDAQ:NSSC) opened at $9.65 on Monday. The firm has a market capitalization of $176.80, a P/E ratio of 27.79 and a beta of 0.61. The company has a debt-to-equity ratio of 0.03, a quick ratio of 2.36 and a current ratio of 5.17. Napco Security Technologies has a 1-year low of $7.40 and a 1-year high of $10.95.

Napco Security Technologies (NASDAQ:NSSC) last posted its quarterly earnings data on Monday, February 5th. The industrial products company reported $0.07 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.06 by $0.01. The business had revenue of $21.10 million during the quarter, compared to analyst estimates of $22.07 million. Napco Security Technologies had a return on equity of 11.07% and a net margin of 7.09%. The company’s revenue for the quarter was up 1.9% on a year-over-year basis. During the same period last year, the company earned $0.05 EPS.

Several hedge funds have recently modified their holdings of the stock. Deutsche Bank AG lifted its stake in shares of Napco Security Technologies by 328.4% during the 4th quarter. Deutsche Bank AG now owns 62,789 shares of the industrial products company’s stock worth $547,000 after acquiring an additional 48,131 shares during the last quarter. Renaissance Technologies LLC increased its holdings in Napco Security Technologies by 11.1% during the 4th quarter. Renaissance Technologies LLC now owns 283,400 shares of the industrial products company’s stock worth $2,480,000 after purchasing an additional 28,325 shares during the period. BlackRock Inc. increased its holdings in Napco Security Technologies by 0.7% during the 4th quarter. BlackRock Inc. now owns 879,683 shares of the industrial products company’s stock worth $7,697,000 after purchasing an additional 6,083 shares during the period. Wells Fargo & Company MN increased its holdings in Napco Security Technologies by 25.1% during the 4th quarter. Wells Fargo & Company MN now owns 200,580 shares of the industrial products company’s stock worth $1,755,000 after purchasing an additional 40,242 shares during the period. Finally, K.J. Harrison & Partners Inc purchased a new position in Napco Security Technologies during the 4th quarter worth $176,000. 28.20% of the stock is owned by hedge funds and other institutional investors.

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Napco Security Technologies Company Profile

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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