Napco Security Technologies Inc., of Amityville, is the subject of a positive profile by a stock-picker, Marc Gerstein of the Forbes Low-Priced Stock Report.
His analysis, posted online Monday, says Napco is poised for fast growth.
"Traditionally, NSSC has been slow-growing and modestly profitable, with returns on equity at low-single digit levels," the report says.
"By the mid-2000s, returns increased, but late in the decade, this R&D-intense company (usually 7 percent to 8 percent of sales) fell into the red thanks to the weak economy and operational restructurings.
"It now appears to be returning to the black, and about to embark on an unprecedented growth track, as it combines, for the first time, its modern business profile with a good economy—prompting spending for new installations and retrofits of older spaces."
Napco's share price moved steadily upward through the first half of the year, from a low of $1.68 in January to $3 in June. It closed at $2.40 Thursday.
In the past three quarters its net income has turned around, from a loss of $1.13 per share, to a profit of $0.16, to -- in the most recent quarter, ended March 31 -- a profit of $0.69 a share.
Revenues also rose in each of the past three quarters, from $15.33 million to $17.61 million, and most recently to $17.76.
Photo shows Napco Security Technologies Inc. Gemini alarm keypad.
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