NPK International (NYSE:NPKI) Reaches New 1-Year High – Should You Buy?
by Renee Jackson · The Cerbat GemNPK International Inc. (NYSE:NPKI – Get Free Report)’s share price reached a new 52-week high during trading on Thursday . The company traded as high as $14.43 and last traded at $13.8060, with a volume of 123 shares traded. The stock had previously closed at $13.97.
Wall Street Analyst Weigh In
NPKI has been the topic of several analyst reports. HC Wainwright raised their price target on shares of NPK International from $12.00 to $18.00 and gave the stock a “buy” rating in a research note on Monday, November 3rd. Weiss Ratings reaffirmed a “hold (c)” rating on shares of NPK International in a research note on Monday, December 29th. Finally, Wall Street Zen downgraded NPK International from a “buy” rating to a “hold” rating in a research report on Saturday, January 17th. Three equities research analysts have rated the stock with a Buy rating and one has issued a Hold rating to the company’s stock. According to MarketBeat, NPK International has an average rating of “Moderate Buy” and a consensus price target of $14.17.
Read Our Latest Stock Report on NPKI
NPK International Price Performance
The company has a current ratio of 2.20, a quick ratio of 2.00 and a debt-to-equity ratio of 0.02. The company has a market capitalization of $1.20 billion, a PE ratio of 37.22 and a beta of 1.24. The company’s 50 day moving average price is $12.51 and its 200-day moving average price is $11.24.
NPK International (NYSE:NPKI – Get Free Report) last posted its quarterly earnings results on Thursday, October 30th. The company reported $0.07 earnings per share (EPS) for the quarter, meeting analysts’ consensus estimates of $0.07. NPK International had a return on equity of 9.93% and a net margin of 12.74%.The firm had revenue of $68.84 million during the quarter, compared to the consensus estimate of $56.83 million. On average, sell-side analysts forecast that NPK International Inc. will post 0.39 earnings per share for the current fiscal year.
Institutional Investors Weigh In On NPK International
Several large investors have recently made changes to their positions in the business. Wilmington Savings Fund Society FSB purchased a new stake in shares of NPK International during the third quarter worth about $28,000. Amalgamated Bank acquired a new stake in NPK International during the 2nd quarter valued at approximately $25,000. Wealth Enhancement Advisory Services LLC purchased a new stake in NPK International during the 3rd quarter worth approximately $33,000. EverSource Wealth Advisors LLC acquired a new position in shares of NPK International in the 2nd quarter valued at approximately $26,000. Finally, CWM LLC purchased a new position in shares of NPK International during the 2nd quarter valued at approximately $27,000. Institutional investors and hedge funds own 80.81% of the company’s stock.
NPK International Company Profile
NPK International, Inc (NYSE: NPKI) is a specialty chemical distributor supplying a broad range of industrial and performance materials across diverse end-markets. Its product portfolio includes acetic acid and derivatives, alcohols, ketones, esters, glycol ethers, glycols, specialty solvents, select inorganic chemicals and crop-protection intermediates. These materials serve industries such as coatings, adhesives and sealants, oil and gas, personal care, pharmaceuticals, agrochemicals and water treatment.
The company places a strong emphasis on supply-chain security and technical service, maintaining warehousing, logistics support and laboratory capabilities at its regional distribution centers.