National Presto Inds saw an improvement in its IBD SmartSelect Composite Rating Monday, from 94 to 96.
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The upgrade means the stock is now outpacing 96% of all other stocks in terms of key performance metrics and technical strength.
National Presto Inds is currently forming a cup with handle, with a 100.17 buy point. Look for the stock to break out in heavy trade at least 40% above average. Understand that it's a thinly traded stock, with average daily dollar volume under $8 million. Less liquid stocks are more prone to volatile action since it takes fewer shares traded to move the share price significantly.
One weak spot is the company's 72 EPS Rating, which tracks quarterly and annual earnings growth. Look for that to improve to 80 or better to show it's in the top 20% of all stocks.
Its Accumulation/Distribution Rating of B shows moderate buying by institutional investors over the last 13 weeks.
In Q1, the company posted 16% EPS growth. Sales growth fell to 35%, down from 37% in the prior quarter. The company's next quarterly report is expected on or around Feb. 14.
National Presto Inds earns the No. 13 rank among its peers in the Aerospace/Defense industry group. Espey Mfg & Elec, Heico and Heico Cl A are among the top 5 highly-rated stocks within the group.
This article was created automatically with Stats Perform's Wordsmith software using data and article templates supplied by Investor's Business Daily. An IBD journalist may have edited the article.
