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Is NAPCO Security Technologies (NSSC) Stock Outpacing Its Industrial Products Peers This Year?
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Investors focused on the Industrial Products space have likely heard of NAPCO Security Technologies (NSSC - Free Report) , but is the stock performing well in comparison to the rest of its sector peers? A quick glance at the company's year-to-date performance in comparison to the rest of the Industrial Products sector should help us answer this question.
NAPCO Security Technologies is one of 215 individual stocks in the Industrial Products sector. Collectively, these companies sit at #15 in the Zacks Sector Rank. The Zacks Sector Rank gauges the strength of our 16 individual sector groups by measuring the average Zacks Rank of the individual stocks within the groups.
The Zacks Rank is a proven system that emphasizes earnings estimates and estimate revisions, highlighting a variety of stocks that are displaying the right characteristics to beat the market over the next one to three months. NSSC is currently sporting a Zacks Rank of #2 (Buy).
Over the past three months, the Zacks Consensus Estimate for NSSC's full-year earnings has moved 14% higher. This means that analyst sentiment is stronger and the stock's earnings outlook is improving.
According to our latest data, NSSC has moved about 65.14% on a year-to-date basis. In comparison, Industrial Products companies have returned an average of 13.27%. This means that NAPCO Security Technologies is performing better than its sector in terms of year-to-date returns.
Breaking things down more, NSSC is a member of the Security and Safety Services industry, which includes 23 individual companies and currently sits at #182 in the Zacks Industry Rank. This group has gained an average of 31.78% so far this year, so NSSC is performing better in this area.
Investors in the Industrial Products sector will want to keep a close eye on NSSC as it attempts to continue its solid performance.
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Is NAPCO Security Technologies (NSSC) Stock Outpacing Its Industrial Products Peers This Year?
Investors focused on the Industrial Products space have likely heard of NAPCO Security Technologies (NSSC - Free Report) , but is the stock performing well in comparison to the rest of its sector peers? A quick glance at the company's year-to-date performance in comparison to the rest of the Industrial Products sector should help us answer this question.
NAPCO Security Technologies is one of 215 individual stocks in the Industrial Products sector. Collectively, these companies sit at #15 in the Zacks Sector Rank. The Zacks Sector Rank gauges the strength of our 16 individual sector groups by measuring the average Zacks Rank of the individual stocks within the groups.
The Zacks Rank is a proven system that emphasizes earnings estimates and estimate revisions, highlighting a variety of stocks that are displaying the right characteristics to beat the market over the next one to three months. NSSC is currently sporting a Zacks Rank of #2 (Buy).
Over the past three months, the Zacks Consensus Estimate for NSSC's full-year earnings has moved 14% higher. This means that analyst sentiment is stronger and the stock's earnings outlook is improving.
According to our latest data, NSSC has moved about 65.14% on a year-to-date basis. In comparison, Industrial Products companies have returned an average of 13.27%. This means that NAPCO Security Technologies is performing better than its sector in terms of year-to-date returns.
Breaking things down more, NSSC is a member of the Security and Safety Services industry, which includes 23 individual companies and currently sits at #182 in the Zacks Industry Rank. This group has gained an average of 31.78% so far this year, so NSSC is performing better in this area.
Investors in the Industrial Products sector will want to keep a close eye on NSSC as it attempts to continue its solid performance.