National Presto Industries (NYSE:NPK) Stock Price Up 6.5%

National Presto Industries Inc. (NYSE:NPK)’s stock price traded up 6.5% during trading on Wednesday . The company traded as high as $94.40 and last traded at $93.99, approximately 110,700 shares were traded during mid-day trading. An increase of 67% from the average session volume of 66,291 shares. The stock had previously closed at $88.26.

Separately, TheStreet cut shares of National Presto Industries from a “b” rating to a “c+” rating in a research note on Friday, May 31st.

The company has a market cap of $617.38 million, a PE ratio of 14.01 and a beta of 0.36. The stock’s 50 day moving average price is $88.85 and its 200-day moving average price is $98.95. The company has a debt-to-equity ratio of 0.01, a quick ratio of 4.93 and a current ratio of 7.29.

Several institutional investors have recently made changes to their positions in NPK. Dimensional Fund Advisors LP boosted its stake in shares of National Presto Industries by 4.0% in the 4th quarter. Dimensional Fund Advisors LP now owns 246,139 shares of the conglomerate’s stock valued at $28,779,000 after purchasing an additional 9,551 shares in the last quarter. BNP Paribas Arbitrage SA boosted its stake in shares of National Presto Industries by 135.5% in the 1st quarter. BNP Paribas Arbitrage SA now owns 1,253 shares of the conglomerate’s stock valued at $136,000 after purchasing an additional 721 shares in the last quarter. Bank of Montreal Can boosted its stake in shares of National Presto Industries by 4.0% in the 1st quarter. Bank of Montreal Can now owns 3,214 shares of the conglomerate’s stock valued at $349,000 after purchasing an additional 124 shares in the last quarter. SG Americas Securities LLC boosted its stake in shares of National Presto Industries by 50.4% in the 1st quarter. SG Americas Securities LLC now owns 3,953 shares of the conglomerate’s stock valued at $429,000 after purchasing an additional 1,325 shares in the last quarter. Finally, Moors & Cabot Inc. purchased a new stake in shares of National Presto Industries in the 1st quarter valued at $216,000. 71.75% of the stock is owned by institutional investors.

National Presto Industries Company Profile (NYSE:NPK)

National Presto Industries Inc provides housewares and small appliances, and defense products primarily in North America. The company's Housewares/Small Appliance segment designs, markets, and distributes housewares and small electrical appliances, including pressure cookers and canners; heat control single thermostatic control line of skillets, griddles, woks, and multi-purpose cookers under the Presto Control Master brand; slow cookers; deep fryers; air fryers; waffle makers; pizza ovens; slicer/shredders; electric heaters; hot air, oil, and microwave corn poppers; dehydrators; rice cookers; microwave bacon cookers; coffeemakers and coffeemaker accessories; electric tea kettles; electric knife sharpeners; various kitchen gadgets; and timers.

Further Reading: What is the Quick Ratio?

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