National Presto Industries (NYSE:NPK) Shares Pass Above 200-Day Moving Average – Time to Sell?

National Presto Industries, Inc. (NYSE:NPK)’s stock price passed above its 200-day moving average during trading on Monday . The stock has a 200-day moving average of $96.91 and traded as high as $119.59. National Presto Industries shares last traded at $119.51, with a volume of 47,492 shares.

Wall Street Analyst Weigh In

Separately, Weiss Ratings restated a “buy (b)” rating on shares of National Presto Industries in a report on Saturday, September 27th. One equities research analyst has rated the stock with a Buy rating, According to data from MarketBeat.com, the company has an average rating of “Buy”.

National Presto Industries Price Performance

The company has a market capitalization of $854.50 million, a P/E ratio of 20.50 and a beta of 0.49. The stock’s fifty day simple moving average is $107.37 and its 200-day simple moving average is $96.91.

National Presto Industries (NYSE:NPK) last posted its quarterly earnings data on Friday, August 8th. The conglomerate reported $0.72 earnings per share for the quarter. The business had revenue of $120.45 million during the quarter. National Presto Industries had a return on equity of 11.42% and a net margin of 9.23%.

Institutional Investors Weigh In On National Presto Industries

Hedge funds and other institutional investors have recently modified their holdings of the stock. GAMMA Investing LLC increased its position in National Presto Industries by 60.5% during the first quarter. GAMMA Investing LLC now owns 337 shares of the conglomerate’s stock worth $30,000 after acquiring an additional 127 shares during the period. Operose Advisors LLC bought a new position in shares of National Presto Industries during the 2nd quarter worth about $36,000. Solstein Capital LLC bought a new position in shares of National Presto Industries during the 2nd quarter worth about $58,000. EverSource Wealth Advisors LLC raised its position in shares of National Presto Industries by 969.5% during the second quarter. EverSource Wealth Advisors LLC now owns 631 shares of the conglomerate’s stock valued at $62,000 after buying an additional 572 shares during the last quarter. Finally, Tower Research Capital LLC TRC lifted its stake in shares of National Presto Industries by 696.6% in the second quarter. Tower Research Capital LLC TRC now owns 940 shares of the conglomerate’s stock valued at $92,000 after buying an additional 822 shares during the period. Institutional investors and hedge funds own 58.57% of the company’s stock.

About National Presto Industries

National Presto Industries, Inc provides housewares and small appliance, defense, and safety products in North America. The company’s Housewares/Small Appliance segment designs, markets, and distributes housewares and small electrical appliances, including pressure cookers and canners; heat control line of skillets, griddles, woks, and multi-purpose cookers; slow cookers; deep fryers; air fryers; waffle makers; pizza ovens; slicer/shredders; electric heaters; hot air, oil, and microwave corn poppers; dehydrators; vacuum sealers; rice cookers; microwave bacon cookers; egg cookers; coffeemakers and coffeemaker accessories; electric knife sharpeners; and timers under the Presto Control Master brand.