NACCO Industries (NYSE:NC) Shares Pass Below 200 Day Moving Average of $32.42

NACCO Industries, Inc. (NYSE:NC)’s share price crossed below its two hundred day moving average during trading on Tuesday . The stock has a two hundred day moving average of $32.42 and traded as low as $27.59. NACCO Industries shares last traded at $28.00, with a volume of 20,402 shares trading hands.

Wall Street Analysts Forecast Growth

Separately, TheStreet downgraded shares of NACCO Industries from a “b-” rating to a “c+” rating in a report on Thursday, March 7th.

NACCO Industries Price Performance

The company has a debt-to-equity ratio of 0.07, a current ratio of 3.33 and a quick ratio of 2.14. The firm has a market cap of $212.33 million, a PE ratio of -5.24 and a beta of 0.98. The business’s fifty day moving average is $30.88 and its 200-day moving average is $32.39.

NACCO Industries (NYSE:NC) last released its earnings results on Wednesday, May 1st. The company reported $0.61 earnings per share (EPS) for the quarter. The business had revenue of $53.29 million during the quarter. NACCO Industries had a positive return on equity of 2.79% and a negative net margin of 18.68%.

NACCO Industries Cuts Dividend

The firm also recently announced a quarterly dividend, which was paid on Monday, June 17th. Shareholders of record on Friday, May 31st were issued a dividend of $0.2275 per share. The ex-dividend date was Friday, May 31st. This represents a $0.91 dividend on an annualized basis and a yield of 3.19%. NACCO Industries’s payout ratio is -16.73%.

Insider Activity

In other news, SVP Thomas A. Maxwell sold 1,034 shares of the company’s stock in a transaction dated Thursday, June 13th. The stock was sold at an average price of $32.03, for a total transaction of $33,119.02. Following the sale, the senior vice president now directly owns 7,800 shares in the company, valued at $249,834. The sale was disclosed in a document filed with the SEC, which is available at this link. 41.26% of the stock is owned by company insiders.

Institutional Trading of NACCO Industries

Large investors have recently modified their holdings of the business. BNP Paribas Financial Markets raised its position in NACCO Industries by 73.5% during the first quarter. BNP Paribas Financial Markets now owns 2,079 shares of the company’s stock valued at $63,000 after purchasing an additional 881 shares in the last quarter. Empowered Funds LLC raised its holdings in NACCO Industries by 8.0% during the 1st quarter. Empowered Funds LLC now owns 30,646 shares of the company’s stock valued at $926,000 after buying an additional 2,275 shares during the last quarter. Finally, Vanguard Group Inc. boosted its holdings in shares of NACCO Industries by 0.7% during the first 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 during the period. Institutional investors 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.