NACCO Industries (NYSE:NC) Share Price Crosses Above 200-Day Moving Average – Should You Sell?

NACCO Industries, Inc. (NYSE:NC) shares passed above its 200-day moving average during trading on Wednesday . The stock has a 200-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 trading hands.

NACCO Industries Stock Down 3.1 %

The stock has a market cap of $223.00 million, a P/E ratio of -13.19 and a beta of 0.96. The company’s fifty day moving average price is $27.37 and its 200-day moving average price is $29.12. The company has a debt-to-equity ratio of 0.08, a quick ratio of 1.80 and a current ratio of 2.82.

NACCO Industries (NYSE:NC) last posted its quarterly earnings data on Wednesday, July 31st. The company reported $0.81 earnings per share (EPS) for the quarter. NACCO Industries had a positive return on equity of 8.95% and a negative net margin of 7.94%. The company had revenue of $52.35 million during the quarter.

NACCO Industries Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Monday, September 16th. Stockholders of record on Tuesday, September 3rd were issued a $0.2275 dividend. This represents a $0.91 dividend on an annualized basis and a dividend yield of 3.00%. The ex-dividend date of this dividend was Tuesday, September 3rd. NACCO Industries’s payout ratio is presently -39.22%.

Institutional Trading of NACCO Industries

Large investors have recently modified their holdings of the company. Vanguard Group Inc. increased its holdings in NACCO Industries by 0.7% during the first 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 during the period. Empowered Funds LLC boosted its position in 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 acquiring an additional 2,275 shares in the last quarter. Finally, BNP Paribas Financial Markets increased its holdings in shares of NACCO Industries by 73.5% in the 1st quarter. BNP Paribas Financial Markets now owns 2,079 shares of the company’s stock valued at $63,000 after acquiring an additional 881 shares during the period. Hedge funds and other institutional investors 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.