Initiates Coverage on Nam Tai Property

Equities investigation analysts at assumed coverage on shares of Nam Tai House (NYSE:NTP – Get Score) in a study report issued to clients and traders on Friday. The brokerage set a “hold” ranking on the electronics maker’s inventory.

Shares of NYSE NTP opened at $4.22 on Friday. The agency has a market place cap of $165.23 million, a P/E ratio of 4.09 and a beta of .87. Nam Tai Assets has a 1-yr low of $3.92 and a 1-yr high of $37.88. The business’s 50 day transferring regular is $4.47 and its 200-working day shifting normal is $6.88.

Several hedge cash and other institutional investors have recently produced adjustments to their positions in the company. Advisor Team Holdings Inc. improved its stake in shares of Nam Tai House by 15.% in the course of the initial quarter. Advisor Group Holdings Inc. now owns 14,960 shares of the electronics maker’s inventory value $93,000 following obtaining an extra 1,950 shares throughout the period of time. Vanguard Group Inc. enhanced its stake in shares of Nam Tai Home by 3.1% for the duration of the first quarter. Vanguard Team Inc. now owns 134,535 shares of the electronics maker’s stock well worth $841,000 following getting an added 4,067 shares throughout the period. CI Investments Inc. purchased a new position in shares of Nam Tai Residence in the course of the first quarter worth about $41,000. Beacon Pointe Advisors LLC bought a new place in shares of Nam Tai Home in the course of the initially quarter really worth somewhere around $63,000. Finally, American Century Firms Inc. acquired a new posture in shares of Nam Tai Residence for the duration of the fourth quarter worthy of about $127,000. Institutional buyers possess 29.38% of the company’s stock.

Nam Tai House Enterprise Profile (Get Ranking)

Nam Tai Property Inc, by way of its subsidiaries, owns, develops, and operates technology parks in the People’s Republic of China. It focuses on redeveloping three parcels of land in Gushu and Guangming, Shenzhen into technological innovation parks, as nicely as rents houses. The business was previously regarded as Nam Tai Electronics, Inc and improved its name to Nam Tai Assets Inc in April 2014.

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