NACCO Industries (NYSE:NC) Share Price Crosses Below 200-Day Moving Average – What’s Next?

NACCO Industries, Inc. (NYSE:NC) passed below its 200-day moving average during trading on Monday. The stock has a 200-day moving average of $47.34 and traded as low as $37.71. NACCO Industries shares last traded at $37.7850, with a volume of 16,897 shares traded.

Analysts Set New Price Targets

Separately, Weiss Ratings downgraded NACCO Industries from a “hold (c)” rating to a “hold (c-)” rating in a research note on Tuesday, September 8th. One research analyst has rated the stock with a Hold rating, According to data from MarketBeat, NACCO Industries currently has an average rating of “Hold”.

NACCO Industries Stock Performance

The company has a current ratio of 3.30, a quick ratio of 2.33 and a debt-to-equity ratio of 0.26. The business’s 50 day moving average is $41.98 and its two-hundred day moving average is $47.24. The company has a market cap of $277.01 million, a PE ratio of 15.97 and a beta of 0.44.

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 during the quarter. NACCO Industries had a return on equity of 4.00% and a net margin of 6.21%.

NACCO Industries Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Tuesday, September 15th. Stockholders of record on Monday, August 31st were paid a $0.2625 dividend. The ex-dividend date of this dividend was Monday, August 31st. This represents a $1.05 dividend on an annualized basis and a dividend yield of 2.9%. NACCO Industries’s dividend payout ratio is 45.65%.

Institutional Trading of NACCO Industries

Institutional investors and hedge funds have recently added to or reduced their stakes in the business. Squarepoint Ops LLC bought a new position in NACCO Industries in the 2nd quarter worth approximately $300,000. Ancora Advisors LLC raised its position in shares of NACCO Industries by 17.5% during the second quarter. Ancora Advisors LLC now owns 55,903 shares of the company’s stock valued at $2,798,000 after buying an additional 8,344 shares during the last quarter. Byrne Asset Management LLC lifted its holdings in shares of NACCO Industries by 9.6% in the second quarter. Byrne Asset Management LLC now owns 4,567 shares of the company’s stock worth $229,000 after buying an additional 400 shares in the last quarter. PNC Financial Services Group Inc. boosted its position in shares of NACCO Industries by 1.3% during the first quarter. PNC Financial Services Group Inc. now owns 48,413 shares of the company’s stock worth $2,516,000 after acquiring an additional 604 shares during the last quarter. Finally, Saber Capital Managment LLC purchased a new position in NACCO Industries during the fourth quarter valued at $1,121,000. Institutional investors own 49.10% of the company’s stock.

NACCO Industries Company Profile

NACCO Industries, Inc (NYSE: NC) is a natural resources company that develops and manages mineral assets in the United States. Through its subsidiaries, the company primarily provides contract mining and natural resources services to utilities, industrial customers and other mineral producers.

Its principal business is operated through The North American Coal Corporation, which provides mine planning, permitting, development, engineering, operations and reclamation services. The company develops and operates surface coal mines, primarily supplying lignite and other forms of coal to power generation facilities under long-term contracts.