NACCO Industries (NYSE:NC) Stock Passes Below 200 Day Moving Average - Time to Sell?

Key Points

• NACCO Industries shares fell below their 200-day moving average, trading as low as $41.20 versus the $50.33 average, with the latest price at $41.46.
• Weiss Ratings downgraded the stock from “hold (c+)” to “hold (c),” while the sole covering analyst and MarketBeat consensus maintain a Hold rating.
• NACCO reported a quarterly loss of $0.13 per share on $72.31 million in revenue. Institutional investors own 49.1% of the company, and several funds recently increased or initiated positions.

Shares of NACCO Industries, Inc. (NYSE:NC - Get Free Report) passed below its 200-day moving average during trading on Monday . The stock has a 200-day moving average of $50.33 and traded as low as $41.20. NACCO Industries shares last traded at $41.46, with a volume of 18,583 shares traded.

Wall Street Analyst Weigh In

Separately, Weiss Ratings downgraded NACCO Industries from a "hold (c+)" rating to a "hold (c)" rating in a research report on Tuesday, August 11th. One research analyst has rated the stock with a Hold rating, According to MarketBeat.com, NACCO Industries currently has a consensus rating of "Hold".

NACCO Industries Stock Performance

The company has a debt-to-equity ratio of 0.26, a current ratio of 3.30 and a quick ratio of 2.33. The company's 50-day moving average price is $47.90 and its two-hundred day moving average price is $50.33. The company has a market capitalization of $312.90 million, a price-to-earnings ratio of 18.03 and a beta of 0.45.

NACCO Industries (NYSE:NC - Get Free Report) last announced 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%.

Institutional Inflows and Outflows

Several hedge funds have recently made changes to their positions in the business. Ancora Advisors LLC acquired a new position in shares of NACCO Industries in the 2nd quarter valued at about $2,798,000. Byrne Asset Management LLC grew its stake 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. PNC Financial Services Group Inc. increased its holdings in NACCO Industries by 1.3% in the first quarter. PNC Financial Services Group Inc. now owns 48,413 shares of the company's stock worth $2,516,000 after purchasing an additional 604 shares in the last quarter. Invesco Ltd. bought a new stake in NACCO Industries in the fourth quarter worth approximately $236,000. Finally, Millennium Management LLC increased its holdings in NACCO Industries by 85.3% in the fourth quarter. Millennium Management LLC now owns 11,851 shares of the company's stock worth $581,000 after purchasing an additional 5,457 shares in the last quarter. 49.10% of the stock is owned by institutional investors.

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.

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