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, trading as low as $32.46 versus the $45.43 average, with the stock last quoted near $32.79.
• Weiss Ratings downgraded the stock from “hold” to “sell,” while MarketBeat reports a consensus “Sell” rating from the one analyst covering the company.
• NACCO reported a quarterly loss of $0.13 per share on $72.31 million in revenue, but continues to pay a quarterly dividend of $0.2625, equivalent to a 3.2% yield and a 45.65% payout ratio.

NACCO Industries, Inc. (NYSE:NC - Get Free Report) crossed below its two hundred day moving average during trading on Wednesday. The stock has a two hundred day moving average of $45.43 and traded as low as $32.46. NACCO Industries shares last traded at $32.7850, with a volume of 20,078 shares changing hands.

Analyst Upgrades and Downgrades

Separately, Weiss Ratings lowered shares of NACCO Industries from a "hold (c-)" rating to a "sell (d+)" rating in a report on Tuesday, October 6th. One equities research analyst has rated the stock with a Sell rating. According to MarketBeat.com, NACCO Industries presently has a consensus rating of "Sell".

NACCO Industries Stock Performance

The stock has a market capitalization of $247.53 million, a P/E ratio of 14.25 and a beta of 0.56. The company has a current ratio of 3.30, a quick ratio of 2.33 and a debt-to-equity ratio of 0.26. The company has a 50-day moving average price of $38.59 and a two-hundred day moving average price of $45.43.

NACCO Industries (NYSE:NC - Get Free Report) last announced its earnings results on Wednesday, August 5th. The company reported ($0.13) EPS 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 Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Tuesday, September 15th. Shareholders 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 3.2%. NACCO Industries's payout ratio is 45.65%.

Hedge Funds Weigh In On NACCO Industries

A number of institutional investors and hedge funds have recently modified their holdings of the business. Ancora Advisors LLC grew its position in shares of NACCO Industries by 17.5% during the 2nd quarter. Ancora Advisors LLC now owns 55,903 shares of the company's stock worth $2,798,000 after buying an additional 8,344 shares during the period. PNC Financial Services Group Inc. lifted its position in shares of NACCO Industries by 1.3% during the 1st quarter. PNC Financial Services Group Inc. now owns 48,413 shares of the company's stock valued at $2,516,000 after acquiring an additional 604 shares during the period. Squarepoint Ops LLC acquired a new position in shares of NACCO Industries during the 2nd quarter valued at $300,000. Finally, Byrne Asset Management LLC boosted 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 acquiring an additional 400 shares in the last quarter. 49.10% of the stock is currently owned by institutional investors.

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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