Nam Tai Property Inc. (NYSE:NTP) was downgraded by research analysts at ValuEngine from a “buy” rating to a “hold” rating in a research note issued on Tuesday, August 29th.
Separately, BidaskClub upgraded Nam Tai Property from a “buy” rating to a “strong-buy” rating in a research report on Thursday, August 24th.
Nam Tai Property (NTP) traded down 1.91% during midday trading on Tuesday, hitting $10.25. The company’s stock had a trading volume of 108,711 shares. The company’s 50-day moving average is $10.24 and its 200 day moving average is $8.51. Nam Tai Property has a one year low of $6.79 and a one year high of $11.23. The company’s market cap is $374.89 million.
Nam Tai Property (NYSE:NTP) last posted its earnings results on Monday, July 31st. The electronics maker reported $0.06 earnings per share for the quarter. The business had revenue of $0.54 million during the quarter. Nam Tai Property had a negative return on equity of 1.09% and a negative net margin of 112.71%.
A number of hedge funds have recently modified their holdings of the stock. Kahn Brothers Group Inc. DE increased its position in Nam Tai Property by 3.3% in the 2nd quarter. Kahn Brothers Group Inc. DE now owns 1,979,060 shares of the electronics maker’s stock valued at $15,832,000 after acquiring an additional 63,800 shares during the period. Vanguard Group Inc. increased its position in Nam Tai Property by 17.2% in the 2nd quarter. Vanguard Group Inc. now owns 114,213 shares of the electronics maker’s stock valued at $914,000 after acquiring an additional 16,747 shares during the period. Finally, State Street Corp increased its position in Nam Tai Property by 0.6% in the 2nd quarter. State Street Corp now owns 23,578 shares of the electronics maker’s stock valued at $188,000 after acquiring an additional 141 shares during the period. Hedge funds and other institutional investors own 28.01% of the company’s stock.
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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