HomeBusinessEnergy Sector, Oil, & Gas Stock NewsNapco Security Technologies (NSSC) On Pace For Largest Percentage Decrease

Napco Security Technologies (NSSC) On Pace For Largest Percentage Decrease

Napco Security Technologies (NSSC) identified errors in past financial statements and the stock is falling. William Blair, B. Riley, and Lake Street all downgraded the stock. NSSC sees 4Q sales at $44.7M and the prior three quarters will no longer be relied upon. NSSC is on pace for its largest percentage decrease on record. The company notes that costing procedures didn't' account for fluctuations in costs. George Tsilis joins Alex Coffey and Jenny Horne to discuss this stock and its major decrease. Tune in to find out more about the stock market today.

Next Gen Investing

21 Aug 2023

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