NAPCO Security up after strong Q3 results

NAPCO Security Technologies

06/05/2024 14:54

** NAPCO Security Technologies' shares  NSSC.O  rise 3.4% to
$44 after security equipment manufacturer posts upbeat Q3
results
    ** Stock is trading at a one-week high
    ** Co's Q3 profit/shr of 36 cents beats expectations of 33
cents - LSEG data
    ** NSSC's Q3 rev. of $49.3 mln surpasses Street estimates of
$48.7 mln
    ** Co credits Q3 results beat to recurring revenues and
sales from its alarm lock and Marks locking product lines
    ** Four of six brokerages rate the stock "buy" or higher,
two "hold"; their median PT is $46 - LSEG
    ** Stock is up 29% YTD

 (Reporting by Johann M Cherian in Bengaluru)
 ((johann.mcherian@thomsonreuters.com;))