NACCO Industries (NYSE:NC) Stock Price Crosses Above 200-Day Moving Average – What’s Next?

NACCO Industries, Inc. (NYSE:NC) crossed above its two hundred day moving average during trading on Wednesday . The stock has a two hundred day moving average of $29.37 and traded as high as $32.12. NACCO Industries shares last traded at $31.93, with a volume of 7,306 shares trading hands.

NACCO Industries Trading Down 0.1 %

The firm’s 50-day simple moving average is $30.78 and its 200-day simple moving average is $29.37. The company has a quick ratio of 2.39, a current ratio of 3.76 and a debt-to-equity ratio of 0.17. The firm has a market capitalization of $232.96 million, a PE ratio of -13.76 and a beta of 0.97.

NACCO Industries (NYSE:NC) last posted its quarterly earnings results on Wednesday, October 30th. The company reported $2.14 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 business had revenue of $61.66 million during the quarter.

NACCO Industries Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Monday, December 16th. Stockholders of record on Monday, December 2nd were issued a dividend of $0.2275 per share. The ex-dividend date of this dividend was Monday, December 2nd. This represents a $0.91 dividend on an annualized basis and a dividend yield of 2.85%. NACCO Industries’s dividend payout ratio is currently -39.22%.

Institutional Trading of NACCO Industries

A number of institutional investors have recently modified their holdings of the company. State Street Corp raised its stake in NACCO Industries by 1.0% in the third quarter. State Street Corp now owns 78,276 shares of the company’s stock worth $2,219,000 after buying an additional 763 shares in the last quarter. Empowered Funds LLC raised its stake in NACCO Industries by 4.9% in the fourth quarter. Empowered Funds LLC now owns 36,444 shares of the company’s stock worth $1,087,000 after buying an additional 1,716 shares in the last quarter. JPMorgan Chase & Co. raised its stake in NACCO Industries by 77.8% in the third quarter. JPMorgan Chase & Co. now owns 8,263 shares of the company’s stock worth $234,000 after buying an additional 3,615 shares in the last quarter. Finally, Barclays PLC raised its stake in NACCO Industries by 365.4% in the third quarter. Barclays PLC now owns 7,004 shares of the company’s stock worth $199,000 after buying an additional 5,499 shares in the last quarter. 49.10% of the stock is currently owned by hedge funds and other institutional investors.

NACCO Industries Company Profile

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.