National Presto Industries (NYSE:NPK) Share Price Crosses Above 200-Day Moving Average – What’s Next?

Shares of National Presto Industries, Inc. (NYSE:NPK) crossed above its 200-day moving average during trading on Wednesday . The stock has a 200-day moving average of $132.22 and traded as high as $139.83. National Presto Industries shares last traded at $139.36, with a volume of 55,920 shares changing hands.

Analyst Ratings Changes

Separately, Weiss Ratings lowered National Presto Industries from a “buy (b-)” rating to a “hold (c+)” rating in a report on Tuesday. One investment analyst has rated the stock with a Hold rating, According to data from MarketBeat.com, National Presto Industries currently has a consensus rating of “Hold”.

National Presto Industries Trading Up 1.6%

The firm has a market cap of $1.00 billion, a PE ratio of 31.17 and a beta of 0.42. The stock has a fifty day simple moving average of $127.53 and a two-hundred day simple moving average of $132.34.

National Presto Industries (NYSE:NPK) last announced its quarterly earnings results on Friday, August 14th. The conglomerate reported $2.21 earnings per share for the quarter. National Presto Industries had a return on equity of 8.32% and a net margin of 6.19%.The firm had revenue of $146.60 million for the quarter.

Institutional Trading of National Presto Industries

Hedge funds and other institutional investors have recently bought and sold shares of the company. Kestra Advisory Services LLC purchased a new stake in National Presto Industries in the 4th quarter worth approximately $27,000. International Assets Investment Management LLC purchased a new position in shares of National Presto Industries during the 4th quarter valued at $32,000. Solstein Capital LLC purchased a new position in shares of National Presto Industries during the 2nd quarter valued at $36,000. Caitong International Asset Management Co. Ltd purchased a new position in shares of National Presto Industries during the 4th quarter valued at $37,000. Finally, KBC Group NV bought a new position in shares of National Presto Industries in the first quarter worth $44,000. Institutional investors own 58.57% of the company’s stock.

About National Presto Industries

National Presto Industries, Inc is an American diversified manufacturer headquartered in Eau Claire, Wisconsin. The company operates primarily through three business segments—Housewares/Small Appliances, Defense Products, and Safety—which together supply a range of consumer and industrial markets. Founded in 1905, National Presto Industries has built a reputation for durable, user-friendly products marketed under the Presto and National Presto brands.

In its Housewares/Small Appliances segment, National Presto offers a variety of kitchen products designed to simplify home cooking and meal preparation.