Napco Security Technologies (NASDAQ:NSSC) Cut to Hold at Zacks Investment Research

Zacks Investment Research lowered shares of Napco Security Technologies (NASDAQ:NSSC) from a buy rating to a hold rating in a research report released on Saturday, Zacks.com reports.

According to Zacks, “NAPCO SECURITY SYSTEMS is engaged in the development, manufacture, distribution and sale of security alarm products and door security devices for commercial and residential installations. “

A number of other research analysts also recently weighed in on the stock. Canaccord Genuity restated a buy rating and set a $32.00 price objective (up previously from $24.00) on shares of Napco Security Technologies in a research report on Tuesday, May 7th. Lake Street Capital began coverage on shares of Napco Security Technologies in a research report on Tuesday, June 11th. They set a buy rating and a $35.00 price objective on the stock. ValuEngine downgraded shares of Napco Security Technologies from a strong-buy rating to a buy rating in a research report on Thursday, August 1st. Imperial Capital began coverage on shares of Napco Security Technologies in a research report on Friday, June 21st. They set an outperform rating and a $36.00 price objective on the stock. Finally, BidaskClub upgraded shares of Napco Security Technologies from a buy rating to a strong-buy rating in a research report on Tuesday, July 30th. One equities research analyst has rated the stock with a hold rating, five have assigned a buy rating and one has issued a strong buy rating to the company. The stock currently has an average rating of Buy and a consensus target price of $29.86.



Shares of Napco Security Technologies stock opened at $31.74 on Friday. The company has a market capitalization of $576.42 million, a P/E ratio of 77.41 and a beta of 0.64. The firm’s 50 day moving average is $27.60. Napco Security Technologies has a twelve month low of $12.90 and a twelve month high of $34.91.

A number of hedge funds have recently made changes to their positions in NSSC. Denali Advisors LLC increased its holdings in Napco Security Technologies by 581.5% during the second quarter. Denali Advisors LLC now owns 1,070 shares of the industrial products company’s stock valued at $32,000 after buying an additional 913 shares during the last quarter. Bank of Montreal Can increased its holdings in Napco Security Technologies by 249.5% during the second quarter. Bank of Montreal Can now owns 1,552 shares of the industrial products company’s stock valued at $46,000 after buying an additional 1,108 shares during the last quarter. BNP Paribas Arbitrage SA increased its holdings in Napco Security Technologies by 62,175.0% during the first quarter. BNP Paribas Arbitrage SA now owns 2,491 shares of the industrial products company’s stock valued at $52,000 after buying an additional 2,487 shares during the last quarter. Metropolitan Life Insurance Co NY purchased a new stake in Napco Security Technologies during the first quarter valued at approximately $84,000. Finally, Advantage Investment Management LLC increased its holdings in Napco Security Technologies by 24.9% during the second quarter. Advantage Investment Management LLC now owns 2,845 shares of the industrial products company’s stock valued at $84,000 after buying an additional 568 shares during the last quarter. 39.85% of the stock is owned by institutional investors and hedge funds.

Napco Security Technologies Company Profile

Napco Security Technologies, Inc manufactures and sells security products and software worldwide. The company offers access control systems, door security products, intrusion and fire alarm systems, and video surveillance systems for commercial, residential, institutional, industrial, and governmental applications.

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