NL Industries (NYSE:NL) Share Price Crosses Below 200 Day Moving Average – Time to Sell?

NL Industries, Inc. (NYSE:NL)’s stock price passed below its 200-day moving average during trading on Monday . The stock has a 200-day moving average of $7.07 and traded as low as $5.98. NL Industries shares last traded at $6.21, with a volume of 45,172 shares trading hands.

Wall Street Analysts Forecast Growth

Separately, Wall Street Zen lowered NL Industries from a “hold” rating to a “sell” rating in a report on Saturday, August 9th. One investment analyst has rated the stock with a Sell rating, Based on data from MarketBeat.com, NL Industries has an average rating of “Sell” and a consensus price target of $6.00.

NL Industries Stock Performance

The company has a 50-day simple moving average of $6.34 and a 200-day simple moving average of $7.07. The company has a market cap of $303.42 million, a price-to-earnings ratio of 5.65 and a beta of 0.29.

NL Industries (NYSE:NL) last posted its quarterly earnings results on Wednesday, August 6th. The basic materials company reported $0.01 earnings per share for the quarter, missing analysts’ consensus estimates of $0.19 by ($0.18). NL Industries had a net margin of 35.06% and a return on equity of 12.93%. The business had revenue of $40.30 million during the quarter.

NL Industries Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Tuesday, September 23rd. Stockholders of record on Friday, September 5th will be issued a $0.09 dividend. This represents a $0.36 dividend on an annualized basis and a dividend yield of 5.8%. The ex-dividend date is Friday, September 5th. NL Industries’s dividend payout ratio (DPR) is currently 32.73%.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently added to or reduced their stakes in NL. Strs Ohio acquired a new position in NL Industries during the first quarter worth about $35,000. Lazard Asset Management LLC boosted its stake in shares of NL Industries by 42.9% during the 4th quarter. Lazard Asset Management LLC now owns 9,556 shares of the basic materials company’s stock worth $74,000 after acquiring an additional 2,871 shares in the last quarter. Bailard Inc. purchased a new stake in shares of NL Industries during the 1st quarter worth approximately $141,000. Jane Street Group LLC acquired a new position in NL Industries during the second quarter worth $158,000. Finally, Nuveen LLC acquired a new position in NL Industries during the first quarter worth $183,000. 10.67% of the stock is currently owned by institutional investors and hedge funds.

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.