NL Industries (NYSE:NL) Shares Cross Below 50-Day Moving Average of $3.51

NL Industries Inc (NYSE:NL)’s share price passed below its 50-day moving average during trading on Thursday . The stock has a 50-day moving average of $3.51 and traded as low as $3.72. NL Industries shares last traded at $3.81, with a volume of 9,218 shares trading hands.

Separately, TheStreet cut NL Industries from a “c” rating to a “d+” rating in a research report on Monday, April 1st.

The stock’s 50-day moving average price is $3.53. The firm has a market cap of $203.19 million, a PE ratio of 21.95 and a beta of 2.64.

NL Industries (NYSE:NL) last released its earnings results on Thursday, May 9th. The basic materials company reported $0.31 earnings per share (EPS) for the quarter. NL Industries had a positive return on equity of 2.92% and a negative net margin of 33.06%. The firm had revenue of $31.20 million for the quarter.

Several hedge funds have recently made changes to their positions in NL. Rhumbline Advisers acquired a new stake in shares of NL Industries during the fourth quarter valued at about $42,000. BlackRock Inc. boosted its stake in shares of NL Industries by 1.6% during the fourth quarter. BlackRock Inc. now owns 538,057 shares of the basic materials company’s stock valued at $1,888,000 after purchasing an additional 8,527 shares in the last quarter. Geode Capital Management LLC boosted its stake in shares of NL Industries by 5.4% during the fourth quarter. Geode Capital Management LLC now owns 56,700 shares of the basic materials company’s stock valued at $199,000 after purchasing an additional 2,892 shares in the last quarter. Finally, Cutler Group LP boosted its stake in shares of NL Industries by 26.5% during the first quarter. Cutler Group LP now owns 29,725 shares of the basic materials company’s stock valued at $115,000 after purchasing an additional 6,218 shares in the last quarter. 8.76% of the stock is currently owned by hedge funds and other institutional investors.

About NL Industries (NYSE:NL)

NL Industries, Inc, through its subsidiary CompX International Inc, operates in the component products industry in the United States and internationally. The company manufactures and sells mechanical and electronic cabinet locks, and other locking mechanisms, including disc tumbler locks, pin tumbler locking mechanisms, and CompX eLock and StealthLock electronic locks for use in various applications, such as ignition systems, mailboxes, file cabinets, desk drawers, tool storage cabinets, vending and cash containment machines, medical cabinetry, electronic circuit panels, storage compartments, and gas station security.

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