NACCO Industries (NYSE:NC) Stock Passes Above 200-Day Moving Average – Should You Sell?

NACCO Industries, Inc. (NYSE:NC) passed above its two hundred day moving average during trading on Wednesday . The stock has a two hundred day moving average of $29.10 and traded as high as $30.20. NACCO Industries shares last traded at $29.45, with a volume of 11,276 shares traded.

NACCO Industries Price Performance

The stock has a market capitalization of $219.40 million, a PE ratio of -5.41 and a beta of 0.96. 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 stock’s 50-day moving average is $27.25 and its 200 day moving average is $29.10.

NACCO Industries (NYSE:NC) last posted 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 announced a quarterly dividend, which was paid on Monday, September 16th. Shareholders of record on Tuesday, September 3rd were given a $0.2275 dividend. This represents a $0.91 annualized dividend and a yield of 3.09%. The ex-dividend date of this dividend was Tuesday, September 3rd. NACCO Industries’s payout ratio is currently -16.73%.

Institutional Investors Weigh In On NACCO Industries

Several institutional investors have recently made changes to their positions in NC. BNP Paribas Financial Markets boosted its holdings in NACCO Industries by 73.5% in the first quarter. BNP Paribas Financial Markets now owns 2,079 shares of the company’s stock worth $63,000 after purchasing an additional 881 shares in the last quarter. Empowered Funds LLC lifted its position in shares of NACCO Industries by 8.0% in the first quarter. Empowered Funds LLC now owns 30,646 shares of the company’s stock worth $926,000 after buying an additional 2,275 shares during the last quarter. Finally, Vanguard Group Inc. boosted 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 acquiring an additional 1,561 shares in the last quarter. 49.10% of the stock is currently owned by institutional investors and hedge funds.

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.