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

NACCO Industries, Inc. (NYSE:NC)’s stock price passed below its 200-day moving average during trading on Tuesday. The stock has a 200-day moving average of $46.71 and traded as low as $36.41. NACCO Industries shares last traded at $36.50, with a volume of 15,975 shares.

Wall Street Analyst Weigh In

Separately, Weiss Ratings cut NACCO Industries from a “hold (c-)” rating to a “sell (d+)” rating in a report on Tuesday. One investment analyst has rated the stock with a Sell rating, According to MarketBeat, the company currently has an average rating of “Sell”.

NACCO Industries Trading Up 1.2%

The company has a debt-to-equity ratio of 0.26, a quick ratio of 2.33 and a current ratio of 3.30. The firm has a fifty day moving average price of $40.69 and a 200 day moving average price of $46.61. The company has a market cap of $275.39 million, a price-to-earnings ratio of 15.86 and a beta of 0.56.

NACCO Industries (NYSE:NC) last issued its earnings results on Wednesday, August 5th. The company reported ($0.13) earnings per share for the quarter. The firm had revenue of $72.31 million for the quarter. NACCO Industries had a return on equity of 4.00% and a net margin of 6.21%.

NACCO Industries Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Tuesday, September 15th. Investors of record on Monday, August 31st were paid a $0.2625 dividend. This represents a $1.05 annualized dividend and a yield of 2.9%. The ex-dividend date was Monday, August 31st. NACCO Industries’s dividend payout ratio (DPR) is 45.65%.

Institutional Trading of NACCO Industries

A number of hedge funds have recently made changes to their positions in the business. Saber Capital Managment LLC bought a new position in shares of NACCO Industries during the 4th quarter worth approximately $1,121,000. Ancora Advisors LLC acquired a new stake in NACCO Industries during the 2nd quarter valued at $2,798,000. Squarepoint Ops LLC bought a new position in NACCO Industries during the second quarter worth $300,000. Byrne Asset Management LLC boosted its position in NACCO Industries by 9.6% during the second quarter. Byrne Asset Management LLC now owns 4,567 shares of the company’s stock worth $229,000 after purchasing an additional 400 shares during the period. Finally, PNC Financial Services Group Inc. increased its holdings in shares of NACCO Industries by 1.3% in 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. 49.10% of the stock is owned by institutional investors and hedge funds.

About NACCO Industries

NACCO Industries, Inc (NYSE: NC) is a holding company focused on natural resources and related businesses. Through its subsidiaries, the company primarily provides surface coal mining services, manages mineral interests, and develops environmental mitigation projects.

The North American Coal Corporation, NACCO’s principal operating subsidiary, provides contract mining and other value-added services to electric utilities and industrial customers. Its operations support the delivery of coal from surface mines to customers, primarily in the United States.