NL Industries (NYSE:NL) Stock Price Crosses Below Two Hundred Day Moving Average – What’s Next?

NL Industries, Inc. (NYSE:NL)’s stock price passed below its two hundred day moving average during trading on Tuesday . The stock has a two hundred day moving average of $6.00 and traded as low as $5.83. NL Industries shares last traded at $5.9860, with a volume of 47,766 shares trading hands.

Analyst Upgrades and Downgrades

A number of research analysts recently issued reports on NL shares. Wall Street Zen upgraded shares of NL Industries from a “sell” rating to a “hold” rating in a research note 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 equities research analyst has rated the stock with a Hold rating, Based on data from MarketBeat, the stock presently has a consensus rating of “Hold”.

NL Industries Stock Performance

The firm has a market capitalization of $292.48 million, a price-to-earnings ratio of -8.68 and a beta of 0.19. The company has a 50-day moving average price of $6.20 and a 200-day moving average price of $6.00.

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

NL Industries Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Tuesday, June 23rd. Shareholders of record on Thursday, June 4th will be issued a dividend of $0.10 per share. The ex-dividend date of this dividend is Thursday, June 4th. This represents a $0.40 dividend on an annualized basis and a yield of 6.7%. NL Industries’s dividend payout ratio (DPR) is presently -57.97%.

Institutional Inflows and Outflows

Several large investors have recently modified their holdings of the stock. CANADA LIFE ASSURANCE Co grew its position in shares of NL Industries by 80.4% in the 4th quarter. CANADA LIFE ASSURANCE Co now owns 5,985 shares of the basic materials company’s stock valued at $33,000 after buying an additional 2,667 shares during the last quarter. Strs Ohio acquired a new position in NL Industries in the first quarter valued at $35,000. Wells Fargo & Company MN boosted its stake in NL Industries by 34.3% in 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 in the last quarter. NewEdge Advisors LLC purchased a new position in shares of NL Industries during the fourth quarter worth about $57,000. Finally, Money Concepts Capital Corp purchased a new position in shares of NL Industries during the first quarter worth about $92,000. Institutional investors and hedge funds own 10.67% of the company’s stock.

About NL Industries

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.