Nam Tai Property Inc. (NTP) Scheduled to Post Quarterly Earnings on Monday
Nam Tai Property (NYSE:NTP) last released its earnings results on Monday, July 31st. The electronics maker reported $0.06 earnings per share for the quarter. Nam Tai Property had a negative net margin of 112.71% and a negative return on equity of 1.09%. The firm had revenue of $0.54 million during the quarter.
Shares of Nam Tai Property Inc. (NYSE NTP) opened at 12.20 on Monday. The firm’s 50-day moving average is $11.00 and its 200 day moving average is $9.25. The company’s market cap is $446.22 million. Nam Tai Property Inc. has a 1-year low of $6.79 and a 1-year high of $12.55.
An institutional investor recently raised its position in Nam Tai Property stock. State Street Corp lifted its position in Nam Tai Property Inc. (NYSE:NTP) by 0.6% in the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 23,578 shares of the electronics maker’s stock after purchasing an additional 141 shares during the quarter. State Street Corp owned 0.06% of Nam Tai Property worth $188,000 at the end of the most recent reporting period. Institutional investors own 28.01% of the company’s stock.
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A number of research analysts recently commented on the company. ValuEngine lowered Nam Tai Property from a “buy” rating to a “hold” rating in a research note on Tuesday, August 29th. BidaskClub upgraded Nam Tai Property from a “buy” rating to a “strong-buy” rating in a research note on Thursday, August 24th.
Nam Tai Property Company Profile
Nam Tai Property Inc is a holding company. The Company is a property development and management company. The Company focuses on redevelopment of on two parcels of land in Gushu and Guangming, Shenzhen, China, into high-end commercial complexes. Its property development project in Guangming, Shenzhen, is named as Namtai Inno Park, and its property development project in Gushu, Shenzhen, is named as Namtai Inno City.
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