Nam Tai Property Inc. (NYSE:NTP) shares passed above its 200-day moving average during trading on Monday . The stock has a 200-day moving average of $7.06 and traded as high as $9.46. Nam Tai Property shares last traded at $9.25, with a volume of 31,350 shares trading hands.
Separately, TheStreet raised shares of Nam Tai Property from a “d” rating to a “c” rating in a report on Monday, February 1st.
The stock has a market capitalization of $357.35 million, a price-to-earnings ratio of -26.43 and a beta of 0.95. The firm’s fifty day moving average is $7.70 and its 200-day moving average is $7.06. The company has a debt-to-equity ratio of 0.60, a current ratio of 1.01 and a quick ratio of 1.01.
Large investors have recently modified their holdings of the business. California Public Employees Retirement System raised its holdings in shares of Nam Tai Property by 5.1% during the third quarter. California Public Employees Retirement System now owns 51,323 shares of the electronics maker’s stock worth $480,000 after purchasing an additional 2,500 shares during the period. Iszo Capital Management LP raised its holdings in shares of Nam Tai Property by 2.1% during the third quarter. Iszo Capital Management LP now owns 3,892,385 shares of the electronics maker’s stock worth $36,433,000 after purchasing an additional 79,935 shares during the period. Biltmore Capital Advisors LLC acquired a new stake in shares of Nam Tai Property during the third quarter worth $33,000. JPMorgan Chase & Co. acquired a new stake in shares of Nam Tai Property during the fourth quarter worth $44,000. Finally, Squarepoint Ops LLC acquired a new stake in shares of Nam Tai Property in the 4th quarter worth about $180,000. 33.19% of the stock is currently owned by institutional investors.
About Nam Tai Property (NYSE:NTP)
Nam Tai Property Inc, through its subsidiaries, owns, develops, and operates technology parks in the People's Republic of China. It focuses on developing three parcels of land in Gushu and Guangming, Shenzhenn into technology parks, as well as rents properties. The company was formerly known as Nam Tai Electronics, Inc and changed its name to Nam Tai Property Inc in April 2014.
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