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

NACCO Industries, Inc. (NYSE:NC) 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.

Analyst Upgrades and Downgrades

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

NACCO Industries Price Performance

The firm has a market cap of $208.60 million, a price-to-earnings ratio of -5.15 and a beta of 0.98. The business’s 50-day simple moving average is $30.88 and its two-hundred day simple moving average is $32.42. The company has a current ratio of 3.33, a quick ratio of 2.14 and a debt-to-equity ratio of 0.07.

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

NACCO Industries Cuts Dividend

The business also recently disclosed a quarterly dividend, which was paid on Monday, June 17th. Stockholders of record on Friday, May 31st were given a dividend of $0.2275 per share. This represents a $0.91 annualized dividend and a dividend yield of 3.25%. The ex-dividend date of this dividend was Friday, May 31st. NACCO Industries’s dividend payout ratio (DPR) is -16.73%.

Insider Transactions at NACCO Industries

In other news, SVP Thomas A. Maxwell sold 1,034 shares of the firm’s stock in a transaction that occurred on Thursday, June 13th. The shares were sold at an average price of $32.03, for a total transaction of $33,119.02. Following the completion of the sale, the senior vice president now owns 7,800 shares of the company’s stock, valued at approximately $249,834. The sale was disclosed in a legal filing with the SEC, which is accessible through this link. Insiders own 41.26% of the company’s stock.

Institutional Trading of NACCO Industries

Several hedge funds have recently bought and sold shares of the business. Vanguard Group Inc. boosted its holdings in 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 acquiring an additional 1,561 shares during the last quarter. BNP Paribas Financial Markets boosted its holdings 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 last quarter. Finally, Empowered Funds LLC boosted 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 worth $926,000 after acquiring an additional 2,275 shares during 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.