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NACCO Industries (NYSE:NC) Stock Price Passes Below 200-Day Moving Average - Here's Why

NACCO Industries logo with Oils/Energy background

NACCO Industries, Inc. (NYSE:NC - Get Free Report)'s share price 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 changing hands.

NACCO Industries Stock Up 0.4 %

The company has a quick ratio of 1.80, a current ratio of 2.82 and a debt-to-equity ratio of 0.08. The company has a market cap of $208.97 million, a PE ratio of -5.11 and a beta of 0.96. The company's fifty day moving average is $27.17 and its 200-day moving average is $29.15.

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

NACCO Industries Dividend Announcement

The firm also recently disclosed 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. This represents a $0.91 dividend on an annualized basis and a dividend yield of 3.24%. The ex-dividend date of this dividend was Tuesday, September 3rd. NACCO Industries's payout ratio is -16.73%.

Institutional Inflows and Outflows

Several institutional investors have recently made changes to their positions in the stock. BNP Paribas Financial Markets raised its stake in NACCO Industries by 73.5% during the 1st quarter. BNP Paribas Financial Markets now owns 2,079 shares of the company's stock worth $63,000 after acquiring an additional 881 shares during the period. Empowered Funds LLC raised 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 valued at $926,000 after purchasing an additional 2,275 shares during the period. Finally, Vanguard Group Inc. lifted 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 valued at $6,344,000 after buying an additional 1,561 shares in the last quarter. Institutional investors own 49.10% of the company's stock.

About NACCO Industries

(Get Free Report)

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.

Further Reading

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