NL Industries (NYSE:NL) Shares Cross Below Two Hundred Day Moving Average – Time to Sell?

NL Industries, Inc. (NYSE:NL) crossed below its two hundred day moving average during trading on Friday . The stock has a two hundred day moving average of $6.21 and traded as low as $5.61. NL Industries shares last traded at $5.6690, with a volume of 17,275 shares.

Wall Street Analyst Weigh In

Separately, Weiss Ratings reissued a “hold (c-)” rating on shares of NL Industries in a report on Monday, December 8th. One investment analyst has rated the stock with a Hold rating, According to MarketBeat.com, the stock currently has an average rating of “Hold”.

NL Industries Stock Performance

The company has a market cap of $276.99 million, a price-to-earnings ratio of 28.35 and a beta of 0.28. The company has a 50-day simple moving average of $5.73 and a 200-day simple moving average of $6.20.

NL Industries (NYSE:NL) last announced its quarterly earnings data on Thursday, November 6th. The basic materials company reported ($0.16) EPS for the quarter, missing the consensus estimate of $0.18 by ($0.34). The company had revenue of $40.00 million during the quarter. NL Industries had a net margin of 6.10% and a return on equity of 2.36%.

NL Industries Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Tuesday, December 16th. Shareholders of record on Friday, November 21st will be given a dividend of $0.09 per share. The ex-dividend date is Friday, November 21st. This represents a $0.36 dividend on an annualized basis and a yield of 6.4%. NL Industries’s payout ratio is presently 180.00%.

Institutional Inflows and Outflows

Several institutional investors have recently modified their holdings of the stock. Strs Ohio purchased a new position in NL Industries in the 1st quarter valued at about $35,000. Squarepoint Ops LLC acquired a new stake in NL Industries during the third quarter worth approximately $126,000. Rhumbline Advisers grew its stake in NL Industries by 73.6% in the 3rd quarter. Rhumbline Advisers now owns 23,547 shares of the basic materials company’s stock worth $145,000 after acquiring an additional 9,984 shares during the period. Jane Street Group LLC purchased a new position in shares of NL Industries during the 2nd quarter worth $158,000. Finally, Ritholtz Wealth Management boosted its holdings in shares of NL Industries by 12.5% during the third quarter. Ritholtz Wealth Management now owns 29,064 shares of the basic materials company’s stock worth $179,000 after purchasing an additional 3,239 shares during the last quarter. 10.67% of the stock is currently owned by institutional investors and hedge funds.

About NL Industries

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.