NACCO Industries (NYSE:NC) Stock Crosses Below Two Hundred Day Moving Average – Should You Sell?

NACCO Industries, Inc. (NYSE:NC)’s share price crossed below its two hundred day moving average during trading on Friday . The stock has a two hundred 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 trading hands.

NACCO Industries Stock Performance

The company has a current ratio of 3.76, a quick ratio of 2.39 and a debt-to-equity ratio of 0.17. The company has a market cap of $206.58 million, a price-to-earnings ratio of -12.20 and a beta of 0.96. The stock has a 50 day moving average price of $30.28 and a two-hundred day moving average price of $29.22.

NACCO Industries Dividend Announcement

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

Institutional Investors Weigh In On NACCO Industries

Large investors have recently bought and sold shares of the company. Barclays PLC grew its position in shares of NACCO Industries by 365.4% in the 3rd quarter. Barclays PLC now owns 7,004 shares of the company’s stock valued at $199,000 after purchasing an additional 5,499 shares during the period. Empowered Funds LLC boosted its holdings in shares of NACCO Industries by 5.3% in the third quarter. Empowered Funds LLC now owns 34,728 shares of the company’s stock valued at $985,000 after buying an additional 1,742 shares during the period. Finally, State Street Corp increased its position in shares of 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 acquiring an additional 763 shares in the last quarter. 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.