Nam Tai Property (NYSE:NTP) Stock Price Passes Below 200 Day Moving Average of $9.69

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Nam Tai Property Inc (NYSE:NTP)’s stock price passed below its two hundred day moving average during trading on Tuesday . The stock has a two hundred day moving average of $9.69 and traded as low as $8.82. Nam Tai Property shares last traded at $8.82, with a volume of 19,298 shares traded.

Separately, TheStreet downgraded shares of Nam Tai Property from a “c-” rating to a “d+” rating in a report on Friday, June 21st.

The firm’s fifty day moving average price is $9.91 and its 200-day moving average price is $9.69.

A number of hedge funds and other institutional investors have recently bought and sold shares of NTP. Northern Trust Corp boosted its position in Nam Tai Property by 20.0% in the second quarter. Northern Trust Corp now owns 25,985 shares of the electronics maker’s stock valued at $253,000 after buying an additional 4,334 shares in the last quarter. Royal Bank of Canada boosted its position in Nam Tai Property by 323.3% in the second quarter. Royal Bank of Canada now owns 29,884 shares of the electronics maker’s stock valued at $292,000 after buying an additional 22,825 shares in the last quarter. BlackRock Inc. boosted its position in Nam Tai Property by 4.9% in the fourth quarter. BlackRock Inc. now owns 140,479 shares of the electronics maker’s stock valued at $1,219,000 after buying an additional 6,553 shares in the last quarter. Moab Capital Partners LLC boosted its position in Nam Tai Property by 1.0% in the second quarter. Moab Capital Partners LLC now owns 138,254 shares of the electronics maker’s stock valued at $1,348,000 after buying an additional 1,337 shares in the last quarter. Finally, Morgan Stanley boosted its position in Nam Tai Property by 6.5% in the second quarter. Morgan Stanley now owns 358,095 shares of the electronics maker’s stock valued at $3,492,000 after buying an additional 21,833 shares in the last quarter. 35.48% of the stock is currently owned by institutional investors and hedge funds.

About Nam Tai Property (NYSE:NTP)

Nam Tai Property Inc, through its subsidiaries, operates as a property development company in the People's Republic of China. The company owns and develops technology parks. It focuses on developing two parcels of land into commercial complexes in Gushu and Guangming, Shenzhen, as well as renting commercial complexes.

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