National Presto Industries (NYSE:NPK) Share Price Passes Above 200-Day Moving Average – Should You Sell?

Shares of National Presto Industries, Inc. (NYSE:NPK) crossed above its 200-day moving average during trading on Monday . The stock has a 200-day moving average of $78.61 and traded as high as $96.57. National Presto Industries shares last traded at $96.41, with a volume of 30,610 shares traded.

Wall Street Analyst Weigh In

Separately, StockNews.com cut National Presto Industries from a “buy” rating to a “hold” rating in a report on Tuesday, December 3rd.

National Presto Industries Stock Performance

The company has a market capitalization of $689.13 million, a PE ratio of 20.43 and a beta of 0.54. The firm’s 50-day simple moving average is $87.58 and its 200 day simple moving average is $78.92.

Institutional Trading of National Presto Industries

A number of institutional investors have recently added to or reduced their stakes in NPK. Central Pacific Bank Trust Division increased its holdings in National Presto Industries by 42.9% in the third quarter. Central Pacific Bank Trust Division now owns 1,000 shares of the conglomerate’s stock valued at $75,000 after buying an additional 300 shares in the last quarter. HighTower Advisors LLC grew its holdings in shares of National Presto Industries by 6.6% in the 3rd quarter. HighTower Advisors LLC now owns 5,175 shares of the conglomerate’s stock worth $398,000 after acquiring an additional 321 shares during the period. nVerses Capital LLC purchased a new position in National Presto Industries in the 3rd quarter valued at approximately $30,000. Martingale Asset Management L P raised its holdings in National Presto Industries by 6.3% during the third quarter. Martingale Asset Management L P now owns 8,715 shares of the conglomerate’s stock worth $655,000 after purchasing an additional 520 shares during the last quarter. Finally, Point72 DIFC Ltd boosted its position in National Presto Industries by 264.9% during the second quarter. Point72 DIFC Ltd now owns 737 shares of the conglomerate’s stock worth $55,000 after purchasing an additional 535 shares in the last quarter. Hedge funds and other institutional investors own 58.57% of the company’s stock.

About National Presto Industries

National Presto Industries, Inc provides housewares and small appliance, defense, and safety products 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 line of skillets, griddles, woks, and multi-purpose cookers; slow cookers; deep fryers; air fryers; waffle makers; pizza ovens; slicer/shredders; electric heaters; hot air, oil, and microwave corn poppers; dehydrators; vacuum sealers; rice cookers; microwave bacon cookers; egg cookers; coffeemakers and coffeemaker accessories; electric knife sharpeners; and timers under the Presto Control Master brand.