NL Industries (NYSE:NL) Share Price Passes Below Two Hundred Day Moving Average – Here’s What Happened

NL Industries, Inc. (NYSE:NL) passed below its 200-day moving average during trading on Friday . The stock has a 200-day moving average of $6.03 and traded as low as $5.62. NL Industries shares last traded at $6.5750, with a volume of 385,973 shares traded.

Analyst Ratings Changes

Separately, Weiss Ratings reissued a “hold (c-)” rating on shares of NL Industries in a research report on Monday, December 29th. One analyst has rated the stock with a Hold rating, Based on data from MarketBeat.com, the company presently has an average rating of “Hold”.

NL Industries Price Performance

The firm has a market capitalization of $321.25 million, a price-to-earnings ratio of 32.88 and a beta of 0.28. The business has a 50 day moving average of $5.61 and a 200 day moving average of $6.03.

NL Industries (NYSE:NL) last released its quarterly earnings data on Thursday, November 6th. The basic materials company reported ($0.16) earnings per share for the quarter, missing analysts’ consensus estimates of $0.18 by ($0.34). The company had revenue of $40.00 million for the quarter. NL Industries had a net margin of 6.10% and a return on equity of 2.36%.

NL Industries Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Tuesday, December 16th. Investors of record on Friday, November 21st were given a dividend of $0.09 per share. The ex-dividend date was Friday, November 21st. This represents a $0.36 dividend on an annualized basis and a yield of 5.5%. NL Industries’s dividend payout ratio is 180.00%.

Institutional Inflows and Outflows

A number of hedge funds have recently bought and sold shares of the company. Goldman Sachs Group Inc. grew its position in shares of NL Industries by 15.5% during the 1st quarter. Goldman Sachs Group Inc. now owns 27,285 shares of the basic materials company’s stock worth $216,000 after buying an additional 3,667 shares during the period. Empowered Funds LLC raised its position in shares of NL Industries by 3.7% during the first quarter. Empowered Funds LLC now owns 168,532 shares of the basic materials company’s stock worth $1,331,000 after purchasing an additional 6,032 shares during the period. Strs Ohio bought a new position in shares of NL Industries during the 1st quarter valued at about $35,000. Geode Capital Management LLC increased its position in shares of NL Industries by 5.2% during the second quarter. Geode Capital Management LLC now owns 202,513 shares of the basic materials company’s stock worth $1,296,000 after acquiring an additional 9,952 shares in the last quarter. Finally, Jane Street Group LLC bought a new stake in shares of NL Industries in the second quarter valued at about $158,000. 10.67% of the stock is currently owned by institutional investors.

NL Industries Company Profile

NL Industries, Inc is a U.S.-based industrial minerals company whose primary focus is the mining, upgrading and marketing of titanium feedstocks. The company’s products include synthetic rutile and chloride slag, which serve as key raw materials for producers of titanium dioxide pigment. These pigments are widely used as whitening and opacifying agents in coatings, plastics, paper and specialty applications.

NL Industries serves a global customer base, supplying feedstocks under long-term agreements and through spot transactions.