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

Shares of NACCO Industries, Inc. (NYSE:NC - Get Free Report) crossed above its 200-day moving average during trading on Thursday . The stock has a 200-day moving average of $32.08 and traded as high as $33.72. NACCO Industries shares last traded at $33.48, with a volume of 5,697 shares traded.

Wall Street Analysts Forecast Growth

Separately, StockNews.com cut shares of NACCO Industries from a "buy" rating to a "hold" rating in a research report on Saturday, March 29th.

NACCO Industries Stock Up 1.2%

The company has a debt-to-equity ratio of 0.17, a current ratio of 3.76 and a quick ratio of 2.39. The firm's 50-day moving average price is $34.26 and its 200 day moving average price is $32.18. The firm has a market cap of $251.87 million, a P/E ratio of -14.61 and a beta of 0.54.

NACCO Industries (NYSE:NC - Get Free Report) last issued its earnings results on Wednesday, April 30th. The company reported $0.66 earnings per share (EPS) for the quarter. NACCO Industries had a negative net margin of 7.94% and a positive return on equity of 8.87%. The firm had revenue of $65.57 million for the quarter.

NACCO Industries Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Monday, March 17th. Shareholders of record on Monday, March 3rd were issued a $0.2275 dividend. The ex-dividend date of this dividend was Monday, March 3rd. This represents a $0.91 dividend on an annualized basis and a yield of 2.69%. NACCO Industries's dividend payout ratio is currently 19.65%.

Hedge Funds Weigh In On NACCO Industries

A number of large investors have recently bought and sold shares of the business. PNC Financial Services Group Inc. lifted its holdings in NACCO Industries by 343.5% in the first quarter. PNC Financial Services Group Inc. now owns 69,556 shares of the company's stock worth $2,346,000 after acquiring an additional 53,873 shares during the last quarter. Exchange Traded Concepts LLC lifted its holdings in NACCO Industries by 30.9% in the first quarter. Exchange Traded Concepts LLC now owns 2,366 shares of the company's stock worth $80,000 after acquiring an additional 559 shares during the last quarter. Byrne Asset Management LLC lifted its holdings in NACCO Industries by 105.6% in the first quarter. Byrne Asset Management LLC now owns 1,357 shares of the company's stock worth $46,000 after acquiring an additional 697 shares during the last quarter. Two Sigma Advisers LP increased its stake in shares of NACCO Industries by 3.4% in the fourth quarter. Two Sigma Advisers LP now owns 21,316 shares of the company's stock valued at $636,000 after purchasing an additional 700 shares during the period. Finally, Bank of America Corp DE increased its stake in shares of NACCO Industries by 21.7% in the fourth quarter. Bank of America Corp DE now owns 6,504 shares of the company's stock valued at $194,000 after purchasing an additional 1,158 shares during the period. Institutional investors own 49.10% of the company's stock.

About NACCO Industries

NACCO Industries, Inc, together with its subsidiaries, engages in the natural resources business. The company operates through three segments: Coal Mining, North American Mining, and Minerals Management. The Coal Mining segment operates surface coal mines under long-term contracts with power generation companies.