NACCO Industries (NYSE:NC) Stock Price Crosses Below 200 Day Moving Average – Should You Sell?

NACCO Industries, Inc. (NYSE:NC) shares passed below its 200-day moving average during trading on Tuesday . The stock has a 200-day moving average of $50.80 and traded as low as $49.65. NACCO Industries shares last traded at $50.1770, with a volume of 11,164 shares traded.

Wall Street Analysts Forecast Growth

Separately, Weiss Ratings lowered NACCO Industries from a “buy (b-)” rating to a “hold (c+)” rating in a report on Thursday, May 28th. One analyst has rated the stock with a Hold rating, According to MarketBeat.com, NACCO Industries presently has a consensus rating of “Hold”.

NACCO Industries Stock Up 0.1%

The firm has a market capitalization of $378.33 million, a P/E ratio of 17.48 and a beta of 0.44. The company has a debt-to-equity ratio of 0.27, a quick ratio of 2.35 and a current ratio of 3.30. The firm’s 50-day moving average is $50.39 and its 200 day moving average is $50.80.

NACCO Industries (NYSE:NC) last announced its earnings results on Tuesday, May 5th. The company reported $1.17 earnings per share (EPS) for the quarter. The business had revenue of $62.77 million for the quarter. NACCO Industries had a return on equity of 5.04% and a net margin of 7.84%.

NACCO Industries Increases Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Monday, June 15th. Stockholders of record on Monday, June 1st were paid a dividend of $0.2625 per share. The ex-dividend date was Monday, June 1st. This represents a $1.05 dividend on an annualized basis and a dividend yield of 2.1%. This is a positive change from NACCO Industries’s previous quarterly dividend of $0.25. NACCO Industries’s dividend payout ratio (DPR) is currently 36.59%.

Institutional Trading of NACCO Industries

Several institutional investors and hedge funds have recently bought and sold shares of the stock. PNC Financial Services Group Inc. boosted its position in NACCO Industries by 1.3% during the first quarter. PNC Financial Services Group Inc. now owns 48,413 shares of the company’s stock valued at $2,516,000 after purchasing an additional 604 shares during the last quarter. Invesco Ltd. acquired a new position in shares of NACCO Industries during the 4th quarter worth approximately $236,000. Millennium Management LLC increased its position in shares of NACCO Industries by 85.3% during the 4th quarter. Millennium Management LLC now owns 11,851 shares of the company’s stock worth $581,000 after purchasing an additional 5,457 shares during the last quarter. AQR Capital Management LLC bought a new stake in shares of NACCO Industries during the 4th quarter worth approximately $225,000. Finally, Kovack Advisors Inc. bought a new stake in shares of NACCO Industries during the 4th quarter worth approximately $204,000. Institutional investors own 49.10% of the company’s stock.

NACCO Industries Company Profile

NACCO Industries, Inc is a Cleveland, Ohio–based diversified holding company with a history spanning more than a century. Through its principal subsidiaries, the company operates in two primary business areas: coal mining and material-handling system design and manufacturing. Originally incorporated in 1913, NACCO has maintained a presence on the New York Stock Exchange under the ticker symbol NC since the 1920s, evolving its portfolio to meet changing market demands while preserving its core expertise in bulk commodities and industrial services.

The North American Coal Corporation, NACCO’s coal mining segment, is among the largest producers of lignite coal in the United States.