National Presto Industries (NYSE:NPK) Shares Cross Above Two Hundred Day Moving Average – Here’s Why

National Presto Industries, Inc. (NYSE:NPK)’s stock price passed above its 200-day moving average during trading on Monday . The stock has a 200-day moving average of $78.61 and traded as high as $96.57. National Presto Industries shares last traded at $96.41, with a volume of 30,610 shares changing hands.

Wall Street Analyst Weigh In

Separately, StockNews.com cut shares of National Presto Industries from a “buy” rating to a “hold” rating in a research report on Tuesday, December 3rd.

National Presto Industries Price Performance

The business has a 50 day moving average of $86.63 and a 200 day moving average of $78.61. The firm has a market capitalization of $684.51 million, a price-to-earnings ratio of 20.30 and a beta of 0.54.

Institutional Inflows and Outflows

A number of hedge funds have recently bought and sold shares of NPK. Rhumbline Advisers lifted its stake in National Presto Industries by 4.2% in the second quarter. Rhumbline Advisers now owns 14,784 shares of the conglomerate’s stock valued at $1,111,000 after acquiring an additional 593 shares during the last quarter. American Century Companies Inc. grew its holdings in National Presto Industries by 15.2% during the second quarter. American Century Companies Inc. now owns 8,333 shares of the conglomerate’s stock worth $626,000 after purchasing an additional 1,099 shares during the period. Dimensional Fund Advisors LP increased its position in National Presto Industries by 5.0% during the second quarter. Dimensional Fund Advisors LP now owns 344,347 shares of the conglomerate’s stock worth $25,871,000 after buying an additional 16,288 shares during the last quarter. Renaissance Technologies LLC raised its stake in National Presto Industries by 30.3% in the second quarter. Renaissance Technologies LLC now owns 246,700 shares of the conglomerate’s stock valued at $18,535,000 after buying an additional 57,300 shares during the period. Finally, XTX Topco Ltd lifted its position in shares of National Presto Industries by 36.4% in the second quarter. XTX Topco Ltd now owns 3,598 shares of the conglomerate’s stock valued at $270,000 after buying an additional 961 shares during the last quarter. 58.57% of the stock is currently owned by institutional investors.

About National Presto Industries

National Presto Industries, Inc provides housewares and small appliance, defense, and safety products in North America. The company’s Housewares/Small Appliance segment designs, markets, and distributes housewares and small electrical appliances, including pressure cookers and canners; heat control line of skillets, griddles, woks, and multi-purpose cookers; slow cookers; deep fryers; air fryers; waffle makers; pizza ovens; slicer/shredders; electric heaters; hot air, oil, and microwave corn poppers; dehydrators; vacuum sealers; rice cookers; microwave bacon cookers; egg cookers; coffeemakers and coffeemaker accessories; electric knife sharpeners; and timers under the Presto Control Master brand.