Nam Tai Property Inc. (NTP) Rating Lowered to Hold at ValuEngine
Nam Tai Property Inc. (NYSE:NTP) was downgraded by investment analysts at ValuEngine from a “buy” rating to a “hold” rating in a research report issued to clients and investors on Tuesday.
Separately, BidaskClub raised Nam Tai Property from a “buy” rating to a “strong-buy” rating in a research note on Thursday, August 24th.
Nam Tai Property (NYSE NTP) opened at 10.55 on Tuesday. The firm’s market cap is $385.87 million. The firm’s 50-day moving average is $9.94 and its 200 day moving average is $8.22. Nam Tai Property has a 1-year low of $6.79 and a 1-year high of $11.23.
Nam Tai Property (NYSE:NTP) last announced its quarterly earnings results on Monday, July 31st. The electronics maker reported $0.06 EPS for the quarter. Nam Tai Property had a negative return on equity of 1.09% and a negative net margin of 112.71%. The firm had revenue of $0.54 million for the quarter.
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Institutional investors have recently bought and sold shares of the company. Kahn Brothers Group Inc. DE raised its position in Nam Tai Property by 3.3% in the second quarter. Kahn Brothers Group Inc. DE now owns 1,979,060 shares of the electronics maker’s stock worth $15,832,000 after buying an additional 63,800 shares in the last quarter. State Street Corp raised its position in Nam Tai Property by 0.6% in the second quarter. State Street Corp now owns 23,578 shares of the electronics maker’s stock worth $188,000 after buying an additional 141 shares in the last quarter. Finally, Vanguard Group Inc. raised its position in Nam Tai Property by 17.2% in the second quarter. Vanguard Group Inc. now owns 114,213 shares of the electronics maker’s stock worth $914,000 after buying an additional 16,747 shares in the last quarter. 28.01% of the stock is currently owned by institutional investors.
About Nam Tai Property
Nam Tai Property Inc is a holding company. The Company is a property development and management company. The Company focuses on redevelopment of on two parcels of land in Gushu and Guangming, Shenzhen, China, into high-end commercial complexes. Its property development project in Guangming, Shenzhen, is named as Namtai Inno Park, and its property development project in Gushu, Shenzhen, is named as Namtai Inno City.
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