NL Industries Inc. (NYSE:NL) shares were down 12.9% during trading on Thursday . The company traded as low as $5.12 and last traded at $5.14, with a volume of 293,396 shares trading hands. The stock had previously closed at $5.90.

Separately, Zacks Investment Research upgraded NL Industries from a “sell” rating to a “hold” rating in a research note on Wednesday, May 25th.

The company’s market capitalization is $263.01 million. The firm’s 50-day moving average price is $3.29 and its 200-day moving average price is $2.86.

NL Industries (NYSE:NL) last issued its quarterly earnings data on Friday, August 5th. The company reported $0.01 earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of ($0.05) by $0.06. On average, equities research analysts forecast that NL Industries Inc. will post $0.10 earnings per share for the current year.

NL Industries, Inc is a holding company. The Company operates in the component products industry through its subsidiary, CompX International Inc (CompX). It operates in the chemicals industry through its non-controlling interest in Kronos Worldwide, Inc (Kronos). CompX is a manufacturer of engineered components utilized in a range of applications and industries.

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