NACCO Industries (NYSE:NC) Share Price Crosses Below Two Hundred Day Moving Average – Here’s Why

NACCO Industries, Inc. (NYSE:NC)’s stock price passed below its two hundred day moving average during trading on Monday . The stock has a two hundred day moving average of $50.33 and traded as low as $41.20. NACCO Industries shares last traded at $41.46, with a volume of 18,583 shares changing hands.

Analyst Upgrades and Downgrades

Separately, Weiss Ratings downgraded shares of NACCO Industries from a “hold (c+)” rating to a “hold (c)” rating in a research report on Tuesday, August 11th. One equities research analyst has rated the stock with a Hold rating, Based on data from MarketBeat.com, the stock currently has a consensus rating of “Hold”.

NACCO Industries Price Performance

The company has a debt-to-equity ratio of 0.26, a current ratio of 3.30 and a quick ratio of 2.33. The stock has a market cap of $321.49 million, a price-to-earnings ratio of 18.52 and a beta of 0.46. The company’s 50 day moving average is $47.69 and its 200 day moving average is $50.29.

NACCO Industries (NYSE:NC) last announced its quarterly earnings results on Wednesday, August 5th. The company reported ($0.13) EPS for the quarter. The firm had revenue of $72.31 million for the quarter. NACCO Industries had a return on equity of 4.00% and a net margin of 6.21%.

Institutional Trading of NACCO Industries

Several large investors have recently bought and sold shares of NC. Geode Capital Management LLC raised its stake in shares of NACCO Industries by 2.7% during the 4th quarter. Geode Capital Management LLC now owns 95,345 shares of the company’s stock worth $4,677,000 after buying an additional 2,507 shares during the last quarter. Bridgeway Capital Management LLC grew its stake in NACCO Industries by 2.3% in the 3rd quarter. Bridgeway Capital Management LLC now owns 76,959 shares of the company’s stock valued at $3,245,000 after acquiring an additional 1,722 shares during the last quarter. Ancora Advisors LLC purchased a new position in NACCO Industries during the 2nd quarter valued at about $2,798,000. PNC Financial Services Group Inc. increased its holdings in NACCO Industries by 1.3% during the 1st quarter. PNC Financial Services Group Inc. now owns 48,413 shares of the company’s stock valued at $2,516,000 after acquiring an additional 604 shares in the last quarter. Finally, Empowered Funds LLC raised its position in NACCO Industries by 6.9% during the first quarter. Empowered Funds LLC now owns 38,972 shares of the company’s stock worth $1,315,000 after acquiring an additional 2,528 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 is a Cleveland, Ohio–based diversified holding company with a history spanning more than a century. Through its principal subsidiaries, the company operates in two primary business areas: coal mining and material-handling system design and manufacturing. Originally incorporated in 1913, NACCO has maintained a presence on the New York Stock Exchange under the ticker symbol NC since the 1920s, evolving its portfolio to meet changing market demands while preserving its core expertise in bulk commodities and industrial services.

The North American Coal Corporation, NACCO’s coal mining segment, is among the largest producers of lignite coal in the United States.