NACCO Industries (NYSE:NC) Stock Crosses Below 200-Day Moving Average - Should You Sell?

Key Points

• NACCO Industries shares fell below their 200-day moving average of $46.71, trading as low as $36.41 and last changing hands at $36.50.
• Weiss Ratings downgraded the stock from “hold (c)” to “hold (c-),” while the sole analyst covering NACCO maintains a Hold rating.
• The company pays a quarterly dividend of $0.2625, equivalent to $1.05 annually and a 2.9% yield; institutional investors and hedge funds own 49.1% of outstanding shares.

NACCO Industries, Inc. (NYSE:NC - Get Free Report)'s share price crossed below its 200-day moving average during trading on Tuesday. The stock has a 200-day moving average of $46.71 and traded as low as $36.41. NACCO Industries shares last traded at $36.50, with a volume of 15,975 shares changing hands.

Analyst Ratings Changes

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

NACCO Industries Trading Down 0.5%

The business has a fifty day simple moving average of $40.92 and a 200 day simple moving average of $46.71. The stock has a market cap of $275.57 million, a price-to-earnings ratio of 15.87 and a beta of 0.56. The company has a debt-to-equity ratio of 0.26, a quick ratio of 2.33 and a current ratio of 3.30.

NACCO Industries (NYSE:NC - Get Free Report) last released its quarterly earnings results on Wednesday, August 5th. The company reported ($0.13) earnings per share for the quarter. NACCO Industries had a return on equity of 4.00% and a net margin of 6.21%.The company had revenue of $72.31 million during the quarter.

NACCO Industries Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Tuesday, September 15th. Investors 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 annualized dividend and a yield of 2.9%. NACCO Industries's payout ratio is presently 45.65%.

Institutional Investors Weigh In On NACCO Industries

Several hedge funds have recently modified their holdings of the company. Ancora Advisors LLC raised its position in shares of NACCO Industries by 17.5% in 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. PNC Financial Services Group Inc. grew its stake 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 acquiring an additional 604 shares during the period. Saber Capital Managment LLC acquired a new position in NACCO Industries in the 4th quarter valued at $1,121,000. Squarepoint Ops LLC acquired a new position in NACCO Industries in the 2nd quarter valued at $300,000. Finally, Byrne Asset Management LLC lifted 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 purchasing an additional 400 shares during the period. 49.10% of the stock is owned by institutional investors and hedge funds.

NACCO Industries Company Profile

NACCO Industries, Inc NYSE: NC is a holding company focused on natural resources and related businesses. Through its subsidiaries, the company primarily provides surface coal mining services, manages mineral interests, and develops environmental mitigation projects.

The North American Coal Corporation, NACCO's principal operating subsidiary, provides contract mining and other value-added services to electric utilities and industrial customers. Its operations support the delivery of coal from surface mines to customers, primarily in the United States.

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