Nam Tai Property Inc. (NTP) Downgraded to “Hold” at ValuEngine

Nam Tai Property Inc. (NYSE:NTP) was downgraded by stock analysts at ValuEngine from a “buy” rating to a “hold” rating in a note issued to investors on Tuesday, August 29th.

Separately, BidaskClub raised shares of Nam Tai Property from a “buy” rating to a “strong-buy” rating in a research report on Thursday, August 24th.

Nam Tai Property (NYSE NTP) traded up 0.721% during mid-day trading on Tuesday, reaching $10.475. The company’s stock had a trading volume of 54,712 shares. Nam Tai Property has a 52-week low of $6.79 and a 52-week high of $11.23. The firm has a 50 day moving average price of $10.22 and a 200 day moving average price of $8.46. The company’s market cap is $383.12 million.

Nam Tai Property (NYSE:NTP) last posted 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 for the quarter.

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Several large investors have recently bought and sold shares of the company. State Street Corp raised its holdings in shares of Nam Tai Property by 0.6% in the 2nd quarter. State Street Corp now owns 23,578 shares of the electronics maker’s stock valued at $188,000 after purchasing an additional 141 shares in the last quarter. Vanguard Group Inc. raised its holdings in shares of Nam Tai Property by 17.2% in the 2nd quarter. Vanguard Group Inc. now owns 114,213 shares of the electronics maker’s stock valued at $914,000 after purchasing an additional 16,747 shares in the last quarter. Finally, Kahn Brothers Group Inc. DE raised its stake in shares of Nam Tai Property by 3.3% during the 2nd quarter. Kahn Brothers Group Inc. DE now owns 1,979,060 shares of the electronics maker’s stock worth $15,832,000 after acquiring an additional 63,800 shares in the last quarter. Institutional investors and hedge funds own 28.01% of the company’s stock.

About Nam Tai Property

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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