Nam Tai Property Inc. (NYSE:NTP) announced its quarterly earnings results on Monday, July 31st. The electronics maker reported $0.06 earnings per share (EPS) for the quarter, Morningstar.com reports. Nam Tai Property had a negative net margin of 112.71% and a negative return on equity of 1.09%. The company had revenue of $0.54 million during the quarter.
Shares of Nam Tai Property (NTP) opened at 10.25 on Friday. The company’s market capitalization is $374.89 million. Nam Tai Property has a 52-week low of $6.79 and a 52-week high of $10.45. The company has a 50-day moving average of $9.62 and a 200 day moving average of $8.11.
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Several large investors have recently bought and sold shares of NTP. Kahn Brothers Group Inc. DE boosted its stake in Nam Tai Property by 3.3% in the second quarter. Kahn Brothers Group Inc. DE now owns 1,979,060 shares of the electronics maker’s stock worth $15,832,000 after buying an additional 63,800 shares during the last quarter. Vanguard Group Inc. boosted its stake in Nam Tai Property by 17.2% in the second quarter. Vanguard Group Inc. now owns 114,213 shares of the electronics maker’s stock worth $914,000 after buying an additional 16,747 shares during the last quarter. Finally, State Street Corp boosted its stake in Nam Tai Property by 0.6% in the second quarter. State Street Corp now owns 23,578 shares of the electronics maker’s stock worth $188,000 after buying an additional 141 shares during the last quarter. Institutional investors own 30.65% of the company’s stock.
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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