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NACCO Industries (NYSE:NC) Shares Pass Above 200-Day Moving Average - Here's What Happened

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NACCO Industries (NYSE:NC) Shares Pass Above 200-Day Moving Average   - Here's What Happened

NACCO Industries, Inc. (NYSE:NC - Get Free Report) passed above its 200-day moving average during trading on Wednesday . The stock has a 200-day moving average of $29.14 and traded as high as $31.58. NACCO Industries shares last traded at $31.50, with a volume of 3,049 shares changing hands.

The stock has a market cap of $229.86 million, a price-to-earnings ratio of -13.58 and a beta of 0.97. The business has a fifty day moving average of $30.65 and a 200 day moving average of $29.14. 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 firm also recently declared a quarterly dividend, which was paid on Monday, December 16th. Stockholders of record on Monday, December 2nd were issued a dividend of $0.2275 per share. The ex-dividend date of this dividend was Monday, December 2nd. This represents a $0.91 dividend on an annualized basis and a dividend yield of 2.89%. NACCO Industries's dividend payout ratio is currently -39.22%.

A number of large investors have recently bought and sold shares of NC. State Street Corp grew its holdings in NACCO Industries by 1.0% during the third quarter. State Street Corp now owns 78,276 shares of the company's stock valued at $2,219,000 after purchasing an additional 763 shares during the last quarter. Empowered Funds LLC raised its holdings in NACCO Industries by 5.3% in the 3rd quarter. Empowered Funds LLC now owns 34,728 shares of the company's stock worth $985,000 after acquiring an additional 1,742 shares during the period. JPMorgan Chase & Co. lifted its position in NACCO Industries by 77.8% during the 3rd quarter. JPMorgan Chase & Co. now owns 8,263 shares of the company's stock worth $234,000 after acquiring an additional 3,615 shares during the last quarter. Finally, Barclays PLC lifted its position in NACCO Industries by 365.4% during the 3rd quarter. Barclays PLC now owns 7,004 shares of the company's stock worth $199,000 after acquiring an additional 5,499 shares during the last quarter. 49.10% of the stock is currently owned by institutional investors.

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.

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