Somewhat Negative News Coverage Very Likely to Affect NL Industries (NL) Share Price
News coverage about NL Industries (NYSE:NL) has trended somewhat negative recently, Alpha One Sentiment Analysis reports. The research firm, a subsidiary of Accern, identifies negative and positive media coverage by analyzing more than 20 million blog and news sources in real time. Alpha One ranks coverage of companies on a scale of negative one to one, with scores nearest to one being the most favorable. NL Industries earned a news sentiment score of -0.04 on Alpha One’s scale. Alpha One also gave media headlines about the basic materials company an impact score of 85 out of 100, indicating that recent media coverage is very likely to have an effect on the stock’s share price in the near future.
Shares of NL Industries (NYSE:NL) traded up 3.85% during trading on Friday, hitting $9.45. 53,353 shares of the stock were exchanged. The stock has a market cap of $460.26 million, a PE ratio of 17.76 and a beta of 2.62. The firm has a 50 day moving average of $8.01 and a 200-day moving average of $6.93. NL Industries has a 52-week low of $2.25 and a 52-week high of $10.90.
NL Industries (NYSE:NL) last released its quarterly earnings data on Monday, May 8th. The basic materials company reported $0.17 earnings per share (EPS) for the quarter, meeting the consensus estimate of $0.17. The firm had revenue of $29.90 million for the quarter. NL Industries had a net margin of 0.18% and a return on equity of 0.12%. Equities research analysts anticipate that NL Industries will post $0.80 earnings per share for the current fiscal year.
A number of brokerages have recently commented on NL. Barclays PLC increased their price target on shares of NL Industries from $3.00 to $6.00 and gave the stock an “underweight” rating in a report on Friday, April 7th. TheStreet raised shares of NL Industries from a “c” rating to a “b-” rating in a report on Friday, April 7th.
NL Industries Company Profile
NL Industries, Inc is a holding company. The Company operates in the component products industry through its subsidiary, CompX International Inc (CompX). The Company operates in the chemicals industry through its non-controlling interest in Kronos Worldwide, Inc (Kronos). The Company, through Compx, manufactures engineered components that are sold to a range of industries, including recreational transportation (including boats), postal, office and institutional furniture, cabinetry, tool storage, healthcare, gas stations and vending equipment.
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