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

NACCO Industries, Inc. (NYSE:NC) passed below its two hundred day moving average during trading on Monday . The stock has a two hundred day moving average of $29.15 and traded as low as $28.18. NACCO Industries shares last traded at $28.18, with a volume of 5,102 shares traded.

NACCO Industries Trading Down 2.0 %

The company has a current ratio of 2.82, a quick ratio of 1.80 and a debt-to-equity ratio of 0.08. The stock has a market cap of $209.94 million, a P/E ratio of -5.18 and a beta of 0.96. The business’s fifty day simple moving average is $27.17 and its 200 day simple moving average is $29.15.

NACCO Industries (NYSE:NC) last released its quarterly earnings results on Wednesday, July 31st. The company reported $0.81 EPS for the quarter. NACCO Industries had a negative net margin of 17.83% and a positive return on equity of 3.75%. The business had revenue of $52.35 million for the quarter.

NACCO Industries Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Monday, September 16th. Stockholders of record on Tuesday, September 3rd were given a dividend of $0.2275 per share. The ex-dividend date was Tuesday, September 3rd. This represents a $0.91 dividend on an annualized basis and a dividend yield of 3.23%. NACCO Industries’s dividend payout ratio is -16.73%.

Hedge Funds Weigh In On NACCO Industries

Large investors have recently bought and sold shares of the company. BNP Paribas Financial Markets increased its position in shares of NACCO Industries by 73.5% in the first quarter. BNP Paribas Financial Markets now owns 2,079 shares of the company’s stock valued at $63,000 after acquiring an additional 881 shares during the last quarter. Empowered Funds LLC increased its position in shares of NACCO Industries by 8.0% during the 1st quarter. Empowered Funds LLC now owns 30,646 shares of the company’s stock worth $926,000 after purchasing an additional 2,275 shares during the last quarter. Finally, Vanguard Group Inc. raised its stake in shares of NACCO Industries by 0.7% during the 1st quarter. Vanguard Group Inc. now owns 210,072 shares of the company’s stock worth $6,344,000 after purchasing an additional 1,561 shares in the last quarter. Institutional investors and hedge funds own 49.10% of the company’s stock.

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.