Napco Security Technologies (NASDAQ:NSSC) Sets New 12-Month Low – Here’s Why

Napco Security Technologies, Inc. (NASDAQ:NSSC) shares hit a new 52-week low during trading on Thursday . The company traded as low as $22.25 and last traded at $22.89, with a volume of 263895 shares changing hands. The stock had previously closed at $22.67.

Wall Street Analyst Weigh In

Several research firms recently commented on NSSC. Craig Hallum cut Napco Security Technologies from a “buy” rating to a “hold” rating and set a $28.00 target price for the company. in a research note on Tuesday, February 4th. Lake Street Capital lowered their price objective on shares of Napco Security Technologies from $30.00 to $28.00 and set a “buy” rating for the company in a research note on Tuesday, March 25th. Needham & Company LLC dropped their target price on shares of Napco Security Technologies from $40.00 to $37.00 and set a “buy” rating on the stock in a research report on Friday, March 21st. TD Cowen cut shares of Napco Security Technologies from a “buy” rating to a “hold” rating and reduced their price target for the stock from $46.00 to $27.00 in a report on Tuesday, February 4th. Finally, Cowen lowered shares of Napco Security Technologies from a “buy” rating to a “hold” rating in a report on Tuesday, February 4th. Five equities research analysts have rated the stock with a hold rating and three have given a buy rating to the company’s stock. According to MarketBeat, the stock presently has an average rating of “Hold” and a consensus price target of $35.50.

Napco Security Technologies Stock Down 4.2 %

The business’s 50 day simple moving average is $25.75 and its two-hundred day simple moving average is $33.74. The stock has a market capitalization of $738.21 million, a P/E ratio of 15.60 and a beta of 1.59.

Napco Security Technologies (NASDAQ:NSSC) last released its quarterly earnings results on Monday, February 3rd. The industrial products company reported $0.28 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.34 by ($0.06). The company had revenue of $42.90 million for the quarter, compared to analyst estimates of $49.93 million. Napco Security Technologies had a net margin of 25.94% and a return on equity of 27.65%. Napco Security Technologies’s revenue for the quarter was down 9.3% on a year-over-year basis. During the same quarter last year, the firm posted $0.34 EPS. Analysts predict that Napco Security Technologies, Inc. will post 1.24 earnings per share for the current year.

Napco Security Technologies Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Thursday, April 3rd. Investors of record on Wednesday, March 12th were issued a dividend of $0.125 per share. The ex-dividend date of this dividend was Wednesday, March 12th. This represents a $0.50 annualized dividend and a yield of 2.47%. Napco Security Technologies’s dividend payout ratio (DPR) is currently 38.46%.

Hedge Funds Weigh In On Napco Security Technologies

Several large investors have recently bought and sold shares of the stock. New Age Alpha Advisors LLC purchased a new stake in shares of Napco Security Technologies in the fourth quarter valued at about $32,000. Caption Management LLC bought a new stake in Napco Security Technologies in the 4th quarter worth about $33,000. Point72 Asia Singapore Pte. Ltd. purchased a new stake in Napco Security Technologies in the 4th quarter valued at about $53,000. Mpwm Advisory Solutions LLC bought a new position in shares of Napco Security Technologies during the 4th quarter worth approximately $54,000. Finally, Physician Wealth Advisors Inc. purchased a new position in shares of Napco Security Technologies in the 4th quarter worth approximately $63,000. 85.07% of the stock is currently owned by institutional investors.

Napco Security Technologies Company Profile

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.