Canaccord Genuity Believes Napco Security Technologies (NASDAQ: NSSC) Won’t Stop Here


Canaccord Genuity analyst Michael Walkley reiterated a Buy rating on Napco Security Technologies (NASDAQ: NSSC) today and set a price target of $14. The company’s shares opened today at $11.80, close to its 52-week high of $11.95.

According to TipRanks.com, Walkley is a top 100 analyst with an average return of 16.8% and a 62.1% success rate. Walkley covers the Consumer Goods sector, focusing on stocks such as Sequans Communications S A, Digi International Inc, and Sierra Wireless Inc.

Napco Security Technologies has an analyst consensus of Moderate Buy, with a price target consensus of $14.

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Based on Napco Security Technologies’ latest earnings release for the quarter ending December 31, the company reported a quarterly net profit of $1.23 million. In comparison, last year the company had a net profit of $952K.

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Napco Security Technologies, Inc. engages in the development, manufacture, and distribution of security products. It operates though Domestic and Foreign geographical segments. It includes encompassing access control systems, door-locking products, intrusion and fire alarm systems, and video surveillance products for commercial and residential use.

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