National Presto Industries (NYSE:NPK) Share Price Passes Above Two Hundred Day Moving Average – Should You Sell?

National Presto Industries, Inc. (NYSE:NPK)’s share price crossed above its two hundred day moving average during trading on Thursday . The stock has a two hundred day moving average of $110.90 and traded as high as $134.38. National Presto Industries shares last traded at $133.68, with a volume of 52,086 shares trading hands.

Analyst Ratings Changes

NPK has been the topic of a number of recent research reports. Weiss Ratings reaffirmed a “buy (b-)” rating on shares of National Presto Industries in a report on Monday, December 29th. Wall Street Zen upgraded National Presto Industries from a “sell” rating to a “hold” rating in a research report on Saturday, January 10th. One analyst has rated the stock with a Buy rating, According to MarketBeat.com, the stock presently has an average rating of “Buy”.

National Presto Industries Stock Up 2.9%

The company has a market capitalization of $955.81 million, a price-to-earnings ratio of 24.57 and a beta of 0.52. The stock’s fifty day moving average price is $120.19 and its 200-day moving average price is $110.90.

Institutional Trading of National Presto Industries

Institutional investors and hedge funds have recently modified their holdings of the business. Steel Partners Holdings L.P. acquired a new position in shares of National Presto Industries during the fourth quarter worth $6,029,000. Millennium Management LLC purchased a new position in National Presto Industries during the 3rd quarter valued at about $5,757,000. Massar Capital Management LP purchased a new stake in shares of National Presto Industries in the 2nd quarter valued at approximately $4,898,000. EVR Research LP acquired a new stake in National Presto Industries during the 3rd quarter worth approximately $4,598,000. Finally, Martin & Co. Inc. TN acquired a new stake in National Presto Industries in the second quarter valued at $2,707,000. Hedge funds and other 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.