NACCO Industries (NYSE:NC) Share Price Breaks Below 200-Day Moving Average - What's Next?

Key Points

• NACCO Industries shares fell below their 200-day moving average of $47.34, reaching $37.71 and last trading near $37.79.
• Weiss Ratings downgraded the stock from “hold (c)” to “hold (c-),” while the broader analyst consensus remains Hold.
• The company reported a quarterly loss of $0.13 per share on $72.31 million in revenue, but continues to pay a $0.2625 quarterly dividend, equivalent to a 2.8% yield.

NACCO Industries, Inc. (NYSE:NC - Get Free Report) shares crossed below its two hundred day moving average during trading on Monday. The stock has a two hundred 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.

Analyst Upgrades and Downgrades

Separately, Weiss Ratings lowered shares of NACCO Industries from a "hold (c)" rating to a "hold (c-)" rating in a research report on Tuesday, September 8th. One investment analyst has rated the stock with a Hold rating, According to MarketBeat.com, the stock presently has a consensus rating of "Hold".

NACCO Industries Price 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 firm has a market cap of $285.28 million, a PE ratio of 16.43 and a beta of 0.44. The firm has a 50-day simple moving average of $42.17 and a 200 day simple moving average of $47.34.

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. NACCO Industries had a net margin of 6.21% and a return on equity of 4.00%. The business had revenue of $72.31 million for the quarter.

NACCO Industries Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Tuesday, September 15th. Stockholders of record on Monday, August 31st were issued a dividend of $0.2625 per share. This represents a $1.05 annualized dividend and a dividend yield of 2.8%. The ex-dividend date of this dividend was Monday, August 31st. NACCO Industries's payout ratio is presently 45.65%.

Institutional Inflows and Outflows

A number of institutional investors have recently bought and sold shares of NC. Byrne Asset Management LLC boosted its stake in shares of NACCO Industries by 9.6% during the 2nd quarter. Byrne Asset Management LLC now owns 4,567 shares of the company's stock worth $229,000 after acquiring an additional 400 shares during the last quarter. Squarepoint Ops LLC purchased a new stake in shares of NACCO Industries in the 2nd quarter worth $300,000. Saber Capital Managment LLC purchased a new stake in shares of NACCO Industries in the 4th quarter worth $1,121,000. PNC Financial Services Group Inc. raised its holdings in NACCO Industries by 1.3% in the 1st 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 during the period. Finally, Ancora Advisors LLC raised its holdings in NACCO Industries by 17.5% in the 2nd quarter. Ancora Advisors LLC now owns 55,903 shares of the company's stock worth $2,798,000 after purchasing an additional 8,344 shares during the period. 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.

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