NAPCO Security Technologies, Inc. (NSSC) Releases Quarterly Earnings Results, Hits Expectations
NAPCO Security Technologies, Inc. (NASDAQ:NSSC) released its earnings results on Monday. The industrial products company reported $0.05 earnings per share for the quarter, hitting the Thomson Reuters’ consensus estimate of $0.05, Briefing.com reports. The company had revenue of $21.17 million during the quarter, compared to the consensus estimate of $21.56 million. NAPCO Security Technologies had a net margin of 6.70% and a return on equity of 10.86%. The company’s revenue was up 5.0% on a year-over-year basis. During the same quarter in the previous year, the firm earned $0.03 EPS.
Shares of NAPCO Security Technologies (NASDAQ NSSC) traded down $0.10 during trading hours on Wednesday, hitting $9.45. 16,745 shares of the company were exchanged, compared to its average volume of 21,502. The company has a current ratio of 4.90, a quick ratio of 2.39 and a debt-to-equity ratio of 0.06. The company has a market cap of $185.66, a P/E ratio of 30.78 and a beta of 0.58. NAPCO Security Technologies has a twelve month low of $7.00 and a twelve month high of $10.95.
Separately, Canaccord Genuity reissued a “buy” rating and issued a $14.00 target price on shares of NAPCO Security Technologies in a research report on Monday.
A hedge fund recently bought a new stake in NAPCO Security Technologies stock. California State Teachers Retirement System acquired a new stake in NAPCO Security Technologies, Inc. (NASDAQ:NSSC) in the 2nd quarter, according to the company in its most recent 13F filing with the SEC. The firm acquired 21,100 shares of the industrial products company’s stock, valued at approximately $198,000. California State Teachers Retirement System owned approximately 0.11% of NAPCO Security Technologies at the end of the most recent quarter. 30.07% of the stock is owned by institutional investors and hedge funds.
About NAPCO Security Technologies
NAPCO Security Technologies, Inc is a manufacturer of security products, encompassing access control systems, door-locking products, intrusion and fire alarm systems and video surveillance products. These products are used for commercial, residential, institutional, industrial and governmental applications, and are sold across the world principally to independent distributors, dealers and installers of security equipment.
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