Today’s Stock On Watch: Could Nam Tai Property Inc Recover After Today’s Big Decline?

Today's Stock On Watch: Could Nam Tai Property Inc Recover After Today's Big Decline?

The stock of Nam Tai Property Inc (NYSE:NTP) is a huge mover today! The stock decreased 2.61% or $0.21 on October 3, hitting $7.85. About 69,035 shares traded hands. Nam Tai Property Inc (NYSE:NTP) has risen 33.33% since March 1, 2016 and is uptrending. It has outperformed by 21.12% the S&P500.
The move comes after 9 months negative chart setup for the $292.45 million company. It was reported on Oct, 4 by Barchart.com. We have $7.07 PT which if reached, will make NYSE:NTP worth $29.25M less.

Analysts await Nam Tai Property Inc (NYSE:NTP) to report earnings on November, 7.

According to Zacks Investment Research, “Nam Tai Property Inc. is engaged in the property development and management business. Nam Tai Property Inc. is based in Shenzhen, China.”

More notable recent Nam Tai Property Inc (NYSE:NTP) news were published by: Prnewswire.com which released: “Nam Tai Property Inc. Final Report on Share Repurchase Program” on October 03, 2016, also Prnewswire.com with their article: “Nam Tai Property Inc. Announces Strategic Cooperation Agreement with China …” published on August 29, 2016, Prnewswire.com published: “Nam Tai Property Inc. Reports Q2 2016 Results” on August 01, 2016. More interesting news about Nam Tai Property Inc (NYSE:NTP) were released by: Quotes.Wsj.com and their article: “News Nam Tai Property Inc.NTP” published on April 22, 2014 as well as Prnewswire.com‘s news article titled: “NAM TAI PROPERTY INC. Announces Date of Report of Third Quarter 2016 Results …” with publication date: September 19, 2016.

NTP Company Profile

Nam Tai Property Inc., formerly Nam Tai Electronics, Inc., incorporated in August 1987, is engaged in the property development and management business. The Firm is focused on redeveloping approximately two parcels of land in Gushu and Guangming, Shenzhen in China, by converting its over two parcels of land that formally housed its manufacturing facilities into commercial complexes.

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