NACCO Industries, Inc. (NYSE:NC – Get Free Report) saw a large increase in short interest in February. As of February 28th, there was short interest totalling 28,500 shares, an increase of 27.2% from the February 13th total of 22,400 shares. Currently, 1.0% of the shares of the stock are short sold. Based on an average daily volume of 10,400 shares, the short-interest ratio is presently 2.7 days.
Analyst Upgrades and Downgrades
Separately, StockNews.com upgraded shares of NACCO Industries from a “hold” rating to a “buy” rating in a report on Thursday.
Check Out Our Latest Stock Analysis on NACCO Industries
Institutional Investors Weigh In On NACCO Industries
NACCO Industries Stock Down 0.3 %
NC traded down $0.10 during mid-day trading on Monday, reaching $33.14. 5,674 shares of the stock were exchanged, compared to its average volume of 14,537. The company has a 50 day moving average price of $31.97 and a two-hundred day moving average price of $30.06. The company has a debt-to-equity ratio of 0.17, a quick ratio of 2.39 and a current ratio of 3.76. The stock has a market capitalization of $241.79 million, a PE ratio of -14.28 and a beta of 0.95. NACCO Industries has a 1 year low of $25.19 and a 1 year high of $34.74.
NACCO Industries (NYSE:NC – Get Free Report) last issued its quarterly earnings results on Wednesday, March 5th. The company reported $1.02 earnings per share for the quarter. The company had revenue of $70.42 million for the quarter. NACCO Industries had a negative net margin of 7.94% and a positive return on equity of 8.87%.
NACCO Industries Dividend Announcement
The firm also recently disclosed a quarterly dividend, which will be paid on Monday, March 17th. Shareholders of record on Monday, March 3rd will be issued a dividend of $0.2275 per share. This represents a $0.91 annualized dividend and a yield of 2.75%. The ex-dividend date is Monday, March 3rd. NACCO Industries’s dividend payout ratio (DPR) is presently 19.87%.
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.
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