Napco Security Technologies (NASDAQ:NSSC) Stock Price Crosses Below 200-Day Moving Average – Here’s Why

Napco Security Technologies, Inc. (NASDAQ:NSSC) shares passed below its 200-day moving average during trading on Monday . The stock has a 200-day moving average of $43.32 and traded as low as $32.96. Napco Security Technologies shares last traded at $33.41, with a volume of 249,389 shares trading hands.

Analyst Upgrades and Downgrades

NSSC has been the subject of a number of recent analyst reports. DA Davidson decreased their price objective on Napco Security Technologies from $55.00 to $48.00 and set a “buy” rating for the company in a report on Tuesday, November 5th. TD Cowen decreased their price target on Napco Security Technologies from $60.00 to $46.00 and set a “buy” rating for the company in a research note on Tuesday, November 5th. Lake Street Capital lowered their price target on Napco Security Technologies from $60.00 to $41.00 and set a “buy” rating on the stock in a report on Tuesday, November 5th. StockNews.com raised shares of Napco Security Technologies from a “sell” rating to a “hold” rating in a report on Tuesday, December 3rd. Finally, Craig Hallum lowered their target price on shares of Napco Security Technologies from $65.00 to $48.00 and set a “buy” rating on the stock in a research note on Tuesday, November 5th. Three analysts have rated the stock with a hold rating and five have assigned a buy rating to the stock. According to MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and a consensus price target of $47.14.

Napco Security Technologies Price Performance

The company has a fifty day simple moving average of $37.22 and a 200-day simple moving average of $43.32. The company has a market cap of $1.23 billion, a P/E ratio of 24.57 and a beta of 1.65.

Napco Security Technologies (NASDAQ:NSSC) last announced its earnings results on Monday, November 4th. The industrial products company reported $0.30 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.35 by ($0.05). The company had revenue of $44.00 million for the quarter, compared to analyst estimates of $46.56 million. Napco Security Technologies had a return on equity of 29.56% and a net margin of 26.43%. The firm’s revenue for the quarter was up 5.5% on a year-over-year basis. During the same period last year, the firm earned $0.28 earnings per share. On average, analysts anticipate that Napco Security Technologies, Inc. will post 1.49 EPS for the current year.

Napco Security Technologies Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Friday, January 3rd. Stockholders of record on Thursday, December 12th were given a $0.125 dividend. The ex-dividend date of this dividend was Thursday, December 12th. This represents a $0.50 annualized dividend and a dividend yield of 1.50%. Napco Security Technologies’s dividend payout ratio (DPR) is presently 36.76%.

Institutional Trading of Napco Security Technologies

Institutional investors have recently bought and sold shares of the company. Farther Finance Advisors LLC boosted its stake in Napco Security Technologies by 72,300.0% during the 3rd quarter. Farther Finance Advisors LLC now owns 724 shares of the industrial products company’s stock valued at $29,000 after purchasing an additional 723 shares during the period. Quarry LP lifted its holdings in shares of Napco Security Technologies by 91.2% during the second quarter. Quarry LP now owns 654 shares of the industrial products company’s stock worth $34,000 after buying an additional 312 shares during the last quarter. KBC Group NV boosted its position in shares of Napco Security Technologies by 61.4% in the third quarter. KBC Group NV now owns 1,115 shares of the industrial products company’s stock valued at $45,000 after acquiring an additional 424 shares during the period. First Horizon Advisors Inc. grew its stake in shares of Napco Security Technologies by 109.7% in the third quarter. First Horizon Advisors Inc. now owns 1,107 shares of the industrial products company’s stock worth $45,000 after acquiring an additional 579 shares during the last quarter. Finally, Huntington National Bank raised its stake in Napco Security Technologies by 54.7% during the 3rd quarter. Huntington National Bank now owns 1,777 shares of the industrial products company’s stock valued at $72,000 after purchasing an additional 628 shares during the last quarter. Institutional investors and hedge funds own 85.07% of the company’s stock.

About Napco Security Technologies

Napco Security Technologies, Inc develops, manufactures, and sells electronic security systems for commercial, residential, institutional, industrial, and governmental applications in the United States and internationally. Its access control systems include various types of identification readers, control panels, PC-based computers, and electronically activated door-locking devices; intrusion and fire alarm systems, consists of various detectors, a control panel, a digital keypad and signaling equipment; and door locking devices comprise microprocessor-based electronic door locks with push button, card readers and bio-metric operation, door alarms, mechanical door locks, and simple dead bolt locks.