NL Industries (NYSE:NL) Stock Price Passes Below Two Hundred Day Moving Average – Here’s What Happened

NL Industries, Inc. (NYSE:NL)’s share price crossed below its 200-day moving average during trading on Monday . The stock has a 200-day moving average of $6.09 and traded as low as $5.71. NL Industries shares last traded at $5.7460, with a volume of 47,738 shares.

Analyst Ratings Changes

NL has been the topic of a number of research reports. Wall Street Zen upgraded NL Industries from a “sell” rating to a “hold” rating in a report on Saturday, May 9th. Weiss Ratings upgraded shares of NL Industries from a “sell (d+)” rating to a “hold (c-)” rating in a report on Friday, May 8th. One analyst has rated the stock with a Hold rating, According to data from MarketBeat.com, the company currently has an average rating of “Hold”.

NL Industries Price Performance

The firm has a market capitalization of $277.74 million, a PE ratio of -8.24 and a beta of 0.20. The company has a fifty day moving average of $6.29 and a 200-day moving average of $6.09.

NL Industries (NYSE:NL) last issued its earnings results on Wednesday, May 6th. The basic materials company reported $0.09 EPS for the quarter, missing analysts’ consensus estimates of $0.23 by ($0.14). NL Industries had a negative net margin of 21.56% and a negative return on equity of 8.74%. The firm had revenue of $40.57 million during the quarter, compared to analysts’ expectations of $40.57 million.

NL Industries Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Tuesday, June 23rd. Investors of record on Thursday, June 4th were given a dividend of $0.10 per share. This represents a $0.40 annualized dividend and a yield of 7.0%. The ex-dividend date of this dividend was Thursday, June 4th. NL Industries’s dividend payout ratio (DPR) is presently -57.97%.

Institutional Trading of NL Industries

Large investors have recently added to or reduced their stakes in the business. Aristides Capital LLC raised its stake in shares of NL Industries by 0.5% in the 4th quarter. Aristides Capital LLC now owns 417,014 shares of the basic materials company’s stock valued at $2,281,000 after acquiring an additional 2,075 shares in the last quarter. Wells Fargo & Company MN increased its stake in NL Industries by 34.3% during the fourth quarter. Wells Fargo & Company MN now owns 9,445 shares of the basic materials company’s stock valued at $52,000 after acquiring an additional 2,413 shares during the period. CANADA LIFE ASSURANCE Co raised its stake in shares of NL Industries by 80.4% in the fourth quarter. CANADA LIFE ASSURANCE Co now owns 5,985 shares of the basic materials company’s stock valued at $33,000 after purchasing an additional 2,667 shares in the last quarter. Goldman Sachs Group Inc. boosted its position in shares of NL Industries by 15.5% during the 1st quarter. Goldman Sachs Group Inc. now owns 27,285 shares of the basic materials company’s stock valued at $216,000 after acquiring an additional 3,667 shares in the last quarter. Finally, Strs Ohio acquired a new stake in NL Industries during the first quarter valued at approximately $35,000. 10.67% of the stock is owned by institutional investors.

NL Industries Company Profile

NL Industries, Inc is a U.S.-based industrial minerals company whose primary focus is the mining, upgrading and marketing of titanium feedstocks. The company’s products include synthetic rutile and chloride slag, which serve as key raw materials for producers of titanium dioxide pigment. These pigments are widely used as whitening and opacifying agents in coatings, plastics, paper and specialty applications.

NL Industries serves a global customer base, supplying feedstocks under long-term agreements and through spot transactions.