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

NACCO Industries, Inc. (NYSE:NC - Get Free Report)'s stock price passed below its two hundred day moving average during trading on Monday . The stock has a two hundred day moving average of $30.79 and traded as low as $30.00. NACCO Industries shares last traded at $31.24, with a volume of 8,924 shares trading hands.

Analyst Ratings Changes

Separately, StockNews.com lowered NACCO Industries from a "buy" rating to a "hold" rating in a research note on Saturday, March 29th.

NACCO Industries Trading Down 1.1 %

The firm's 50-day simple moving average is $32.98 and its 200-day simple moving average is $31.12. 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 $270.48 million, a PE ratio of -15.69 and a beta of 0.69.

NACCO Industries (NYSE:NC - Get Free Report) last posted its earnings results on Wednesday, March 5th. The company reported $1.02 EPS for the quarter. The firm had revenue of $70.42 million during the quarter. NACCO Industries had a negative net margin of 7.94% and a positive return on equity of 8.87%.

NACCO Industries Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Monday, March 17th. Shareholders of record on Monday, March 3rd were paid a dividend of $0.2275 per share. The ex-dividend date was Monday, March 3rd. This represents a $0.91 annualized dividend and a yield of 2.50%. NACCO Industries's dividend payout ratio is 19.87%.

Institutional Trading of NACCO Industries

Hedge funds have recently bought and sold shares of the company. Tower Research Capital LLC TRC lifted its holdings in NACCO Industries by 232.9% during the fourth quarter. Tower Research Capital LLC TRC now owns 1,225 shares of the company's stock valued at $37,000 after purchasing an additional 857 shares in the last quarter. Wells Fargo & Company MN increased its stake in NACCO Industries by 18.7% in the 4th quarter. Wells Fargo & Company MN now owns 2,503 shares of the company's stock worth $75,000 after acquiring an additional 394 shares during the last quarter. Bank of America Corp DE raised its stake in NACCO Industries by 21.7% during the fourth quarter. Bank of America Corp DE now owns 6,504 shares of the company's stock valued at $194,000 after purchasing an additional 1,158 shares in the last quarter. Barclays PLC raised its position in shares of NACCO Industries by 365.4% during the 3rd quarter. Barclays PLC now owns 7,004 shares of the company's stock valued at $199,000 after buying an additional 5,499 shares in the last quarter. Finally, JPMorgan Chase & Co. lifted its stake in shares of NACCO Industries by 77.8% in the 3rd quarter. JPMorgan Chase & Co. now owns 8,263 shares of the company's stock valued at $234,000 after purchasing an additional 3,615 shares during the last quarter. Hedge funds and other institutional investors own 49.10% of the company's stock.

About NACCO Industries

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.