NL Industries (NYSE:NL) Share Price Passes Below Two Hundred Day Moving Average – Here’s Why

NL Industries, Inc. (NYSE:NL) shares crossed below its two hundred day moving average during trading on Wednesday . The stock has a two hundred day moving average of $6.50 and traded as low as $5.20. NL Industries shares last traded at $5.36, with a volume of 27,081 shares trading hands.

Analyst Upgrades and Downgrades

A number of equities analysts recently issued reports on the stock. Wall Street Zen lowered shares of NL Industries from a “hold” rating to a “sell” rating in a research report on Saturday, August 9th. Weiss Ratings restated a “hold (c-)” rating on shares of NL Industries in a research report on Thursday, November 13th. One research analyst has rated the stock with a Hold rating, According to data from MarketBeat.com, the company has a consensus rating of “Hold”.

NL Industries Price Performance

The stock has a market cap of $261.91 million, a price-to-earnings ratio of 4.87 and a beta of 0.35. The stock’s 50 day simple moving average is $5.92 and its two-hundred day simple moving average is $6.50.

NL Industries (NYSE:NL) last released its quarterly earnings data on Thursday, November 6th. The basic materials company reported ($0.16) EPS for the quarter, missing analysts’ consensus estimates of $0.18 by ($0.34). NL Industries had a return on equity of 12.93% and a net margin of 35.06%.The business had revenue of $40.00 million for the quarter.

NL Industries Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Tuesday, December 16th. Shareholders of record on Friday, November 21st will be issued a dividend of $0.09 per share. This represents a $0.36 dividend on an annualized basis and a yield of 6.7%. The ex-dividend date of this dividend is Friday, November 21st. NL Industries’s payout ratio is presently 180.00%.

Hedge Funds Weigh In On NL Industries

Several hedge funds and other institutional investors have recently modified their holdings of NL. Strs Ohio acquired a new stake in NL Industries in the 1st quarter valued at $35,000. Squarepoint Ops LLC bought a new position in shares of NL Industries during the third quarter valued at $126,000. Nuveen LLC acquired a new stake in shares of NL Industries in the 1st quarter valued at $183,000. Rhumbline Advisers grew its holdings in shares of NL Industries by 73.6% in the 3rd quarter. Rhumbline Advisers now owns 23,547 shares of the basic materials company’s stock worth $145,000 after purchasing an additional 9,984 shares during the last quarter. Finally, Jane Street Group LLC acquired a new stake in shares of NL Industries during the 2nd quarter worth about $158,000. Institutional investors own 10.67% of the company’s stock.

NL Industries Company Profile

NL Industries, Inc, through its subsidiary, CompX International Inc, operates in the component products industry in Europe, North America, the Asia Pacific, and internationally. The company manufactures and sells mechanical and electronic cabinet locks and other locking mechanisms, including disc tumbler locks; pin tumbler locking mechanisms under KeSet, System 64, TuBar, and Turbine brands; and electronic locks under CompX eLock and StealthLock brands for use in various applications, such as mailboxes, ignition systems, file cabinets, desk drawers, tool storage cabinets, high security medical cabinetry, integrated inventory and access control secured narcotics boxes, electronic circuit panels, storage compartments, gas station security, vending and cash containment machines.