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

NACCO Industries, Inc. (NYSE:NC)’s stock price crossed below its 200-day moving average during trading on Friday . The stock has a 200-day moving average of $29.24 and traded as low as $28.12. NACCO Industries shares last traded at $28.31, with a volume of 29,251 shares changing hands.

NACCO Industries Price Performance

The company has a debt-to-equity ratio of 0.17, a current ratio of 3.76 and a quick ratio of 2.39. The stock’s fifty day moving average is $30.28 and its 200-day moving average is $29.24. The stock has a market cap of $206.58 million, a PE ratio of -12.20 and a beta of 0.96.

NACCO Industries Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Monday, December 16th. Shareholders of record on Monday, December 2nd were given a $0.2275 dividend. The ex-dividend date of this dividend was Monday, December 2nd. This represents a $0.91 dividend on an annualized basis and a yield of 3.21%. NACCO Industries’s dividend payout ratio is currently -39.22%.

Institutional Inflows and Outflows

Several hedge funds have recently bought and sold shares of NC. Barclays PLC grew its stake in shares of NACCO Industries by 365.4% in the third 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. Empowered Funds LLC grew its position in NACCO Industries by 5.3% in the 3rd quarter. Empowered Funds LLC now owns 34,728 shares of the company’s stock valued at $985,000 after acquiring an additional 1,742 shares in the last quarter. Finally, State Street Corp increased its stake in NACCO Industries by 1.0% during the third quarter. State Street Corp now owns 78,276 shares of the company’s stock worth $2,219,000 after purchasing an additional 763 shares during the period. 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.