NL Industries (NYSE:NL) Shares Cross Above 200 Day Moving Average – Time to Sell?

NL Industries, Inc. (NYSE:NL)’s share price crossed above its two hundred day moving average during trading on Friday . The stock has a two hundred day moving average of $6.05 and traded as high as $6.35. NL Industries shares last traded at $6.2980, with a volume of 73,520 shares.

Wall Street Analyst Weigh In

A number of equities research 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 note 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 equities research analyst has rated the stock with a Hold rating, According to MarketBeat.com, the stock currently has an average rating of “Hold”.

NL Industries Stock Up 0.3%

The business has a 50-day simple moving average of $6.28 and a 200-day simple moving average of $6.05. The company has a market cap of $307.74 million, a PE ratio of -9.13 and a beta of 0.20.

NL Industries (NYSE:NL) last announced its earnings results 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). The business had revenue of $40.57 million for the quarter, compared to analyst estimates of $40.57 million. NL Industries had a negative return on equity of 8.74% and a negative net margin of 21.56%.

NL Industries Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Tuesday, June 23rd. Stockholders of record on Thursday, June 4th were given a $0.10 dividend. This represents a $0.40 annualized dividend and a dividend yield of 6.4%. The ex-dividend date was Thursday, June 4th. NL Industries’s dividend payout ratio (DPR) is -57.97%.

Institutional Trading of NL Industries

Large investors have recently made changes to their positions in the company. Strs Ohio acquired a new stake in NL Industries during the 1st quarter worth $35,000. CANADA LIFE ASSURANCE Co raised its position in shares of NL Industries by 80.4% in the fourth 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 during the last quarter. Wells Fargo & Company MN lifted its stake in shares of NL Industries by 34.3% in the fourth quarter. Wells Fargo & Company MN now owns 9,445 shares of the basic materials company’s stock worth $52,000 after buying an additional 2,413 shares in the last quarter. NewEdge Advisors LLC acquired a new position in NL Industries during the fourth quarter worth about $57,000. Finally, Money Concepts Capital Corp purchased a new stake in NL Industries during the 1st quarter valued at about $92,000. 10.67% of the stock is currently owned by hedge funds and other 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.