NAPCO Security Technologies shares are trading lower after the company reported preliminary Q4 financial results. Additionally, multiple firms lowered their ratings and respective price targets on the stock.
Portfolio Pulse from Benzinga Newsdesk
NAPCO Security Technologies reported preliminary Q4 financial results, which led to a decrease in its share prices. Several firms also downgraded their ratings and price targets for the company's stock.
August 21, 2023 | 3:16 pm
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NAPCO's preliminary Q4 results led to a decrease in its share prices and downgrades from multiple firms.
The company's lower than expected Q4 results have negatively impacted its stock price. Additionally, the downgrades from multiple firms indicate a lack of confidence in the company's short-term performance, which could further depress the stock price.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100