NL Industries (NYSE:NL) Share Price Crosses Below 200 Day Moving Average – Time to Sell?

NL Industries, Inc. (NYSE:NL)’s share price crossed below its 200-day moving average during trading on Monday . The stock has a 200-day moving average of $6.09 and traded as low as $5.71. NL Industries shares last traded at $5.7460, with a volume of 47,738 shares traded.

Analyst Ratings Changes

A number of equities analysts have recently commented on the stock. Weiss Ratings raised shares of NL Industries from a “sell (d+)” rating to a “hold (c-)” rating in a research report on Friday, May 8th. Wall Street Zen raised shares of NL Industries from a “sell” rating to a “hold” rating in a report on Saturday, May 9th. One research analyst has rated the stock with a Hold rating, According to data from MarketBeat.com, the company currently has an average rating of “Hold”.

NL Industries Stock Down 2.6%

The company has a 50-day moving average price of $6.29 and a 200-day moving average price of $6.09. The company has a market capitalization of $280.75 million, a price-to-earnings ratio of -8.33 and a beta of 0.20.

NL Industries (NYSE:NL) last posted its quarterly earnings data on Wednesday, May 6th. The basic materials company reported $0.09 earnings per share for the quarter, missing the consensus estimate of $0.23 by ($0.14). NL Industries had a negative return on equity of 8.74% and a negative net margin of 21.56%.The business had revenue of $40.57 million for the quarter, compared to analyst estimates of $40.57 million.

NL Industries Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Tuesday, June 23rd. Shareholders of record on Thursday, June 4th were given a $0.10 dividend. This represents a $0.40 annualized dividend and a yield of 7.0%. The ex-dividend date of this dividend was Thursday, June 4th. NL Industries’s payout ratio is currently -57.97%.

Institutional Investors Weigh In On NL Industries

Several hedge funds have recently modified their holdings of NL. Aristides Capital LLC boosted its stake in NL Industries by 0.5% during the fourth quarter. Aristides Capital LLC now owns 417,014 shares of the basic materials company’s stock worth $2,281,000 after buying an additional 2,075 shares in the last quarter. Wells Fargo & Company MN raised its stake in shares of NL Industries by 34.3% in the 4th quarter. Wells Fargo & Company MN now owns 9,445 shares of the basic materials company’s stock valued at $52,000 after buying an additional 2,413 shares in the last quarter. CANADA LIFE ASSURANCE Co raised its stake in shares of NL Industries by 80.4% in the 4th quarter. CANADA LIFE ASSURANCE Co now owns 5,985 shares of the basic materials company’s stock valued at $33,000 after buying an additional 2,667 shares in the last quarter. Goldman Sachs Group Inc. lifted its holdings 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 acquiring an additional 3,667 shares during the period. Finally, Strs Ohio bought a new position in shares of NL Industries during the 1st quarter worth about $35,000. 10.67% of the stock is owned by institutional investors.

About NL Industries

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.