Nam Tai Properties stock trades under the ticker NTP & has shown recent bullish signals that traders & investors should take note of.
NTP stock closed at $25.63/share on 11/17/2021, after breaking out above all of its moving averages.
Nam Tai Properties Inc. NTP Stock’s Technicals Broken Down
NTP Stock Price: $25.63
10 Day Moving Average: $22.76
50 Day Moving Average: $24.43
200 Day Moving Average: $20.33
RSI: 57.1
MACD: -0.425
Yesterday, NTP stock completed a bullish MACD crossover, while also breaking above its 10 & 50 Day Moving Averages.
With more upward momentum to come from their 10 Day MA approaching the 50 Day, there looks to be more gains in the near-term for NTP.
Helping this is NTP’s relatively neutral RSI at 57.1, and the next level of resistance looks to be the $27-level.
Nam Tai Properties Inc. NTP Stock As A Long-Term Investment
Investors will find NTP to have many interesting characteristics that may meeting their portfolio style.
NTP’s valuation is modest, with a P/E (ttm) of 19.28, although their P/B of 3.5 is a bit rich.
They saw 442.7% Quarterly Revenue Growth Y-o-Y.
NTP stock’s balance sheet could look cleaner though, with only $70.4M in Total Cash (mrq) & Total Debt (mrq) of $207M.
Nam Tai Properties ceased paying a dividend in 2018, which when paired with their balance sheet may explain why only 17% of their share float is held by institutional investors.
Despite this, their Beta is relatively neutral at 0.95.
Nam Tai Properties Inc. NTP Stock As A Short-Term Trade Using Options
Traders can use options to harness some of NTP’s momentum in the near-term.
I am looking at the 12/17 expiration dated contracts.
The $25 & $26 calls look interesting, although very illiquid with low open interest.
This may change after Friday’s expiration date for the more recently dated contracts.
The $26 puts are currently at-the-money, with there being no open interest on $27 contracts yet.
Tying It All Together
Overall, there look to be many interesting attributes to NTP stock.
Investors will find their valuation appealing, as well as their neutral beta.
Traders will like their current momentum trajectory.
Nam Tai Properties Inc. stock is worth taking a closer look at, regardless of your trading style.
*** I DO NOT OWN SHARES OF NTP STOCK ***