Stock in the News: Napco Security Technologies Inc. (NASDAQ: NSSC) – News Description

Stock in the News: Napco Security Technologies Inc. (NASDAQ: NSSC)

AMITYVILLE, New York, October 9, 2019 – Shares of Napco Security Technologies Inc. (NASDAQ: NSSC) declined -2.50% to $26.48. The stock grabbed the investor’s attention and traded 108.054K shares as compared to its average daily volume of 194.41K shares. The stock’s institutional ownership stands at 48.30%.

For the three months ended March 31, 2019, NAPCO Security Technologies, Inc. (NSSC) reported 13% increase in net sales to a third quarter record $25.10M, as compared to $22.20M for the same period a year ago. Net sales for the nine months increased 14% to $73.30M, as compared to $64.50M for the same period a year ago. Research and development costs for the quarter increased 11% to $1.90M or 7% of sales as compared to $1.70M or 8% of sales last year. For the nine months, research and development costs increased 9% to $5.40M or 7% of sales as compared to $4.90M or 8% of sales last year. Selling, general and administrative expenses for the quarter decreased 2% to $5.20M or 21% of sales as compared to $5.30M or 24% of sales last year. Selling, general and administrative expenses for the nine months increased 1% to $16.90M or 23% of sales as compared to $16.80M or 26% of sales last year.

Operating income for the three months ended March 31, 2019 increased 91% to $3.60M as compared to $1.90M last year. Operating income for the nine months increased 110% to $8.70M as compared to $4.10M a year ago.

Net income for the three months ended March 31, 2019 increased 71% to $3.10M, or $0.17 per diluted share, as compared to $1.80M, or $0.10 per diluted share, for the same quarter last year. Net income for the nine months increased 90% to $7.50M, or $0.40 per diluted share, as compared to $4.00M, or $0.21 per diluted share, for the same period last year.

Adjusted EBITDA for the three months ended March 31, 2019 increased 77% to $4.00M, or $0.22 per diluted share, as compared to $2.30M, or $0.12 per diluted share. Adjusted EBITDA for the nine months increased 86% to $9.90M, or $0.53 per diluted share, as compared to $5.30M, or $0.28 per diluted share.

Balance Sheet Summary:

At March 31, 2019, the Company had $5.50M in cash and cash equivalents as compared to $5.30M as of June 30, 2018. NAPCO had working capital (defined as current assets less current liabilities) of $45.70M at March 31, 2019 as compared with working capital of $44.30M at June 30, 2018. Current ratio (defined as current assets divided by current liabilities) was 4.6:1 at March 31, 2019 and 5.7:1 at June 30, 2018.

NSSC has a market value of $474.26M while its EPS was booked as $0.66 in the last 12 months. The stock has 17.91M shares outstanding. In the profitability analysis, the company has gross profit margin of 42.60% while net profit margin was 11.90%. Beta value of the company was 0.55; beta is used to measure riskiness of the security. Analyst recommendation for this stock stands at 1.50.

About the Author

Charles Gibbs
Charles Gibbs
I am Charles Gibbs and I focus on breaking news stories and ensuring we (“News Description”) offer timely reporting on some of the most recent stories released through market wires about “Services” sector. I have formerly spent over 3 years as a trader in U.S. Stock Market and is now semi-stepped down. I work on a full time basis for News Description specializing in quicker moving active shares with a short term view on investment opportunities and trends. Address: 577 Mudlick Road Pasco, WA 99301, USA Phone: (+1) 509-542-0261 Email: [email protected]

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