Alert: Positive Investment/Fundamental Signals (12/22/23)-NACCO Industries Inc. (NYSE: NC)


NACCO Industries Inc. (NYSE: NC). Extremely important positive changes in investment behavior have recently occurred: the stock’s recent price rise disrupted its longer term downtrend, its longer term price trend turned up, and its shorter term price trend turned up.

NACCO Industries Inc. (NYSE: NC) has recently enjoyed marginal positive changes in fundamentals: significant quarterly earnings acceleration occurred.

In light of these very positive signals we are reviewing our current Overall Rating of A. We would continue to view the shares with optimism pending completion of this review in the next several days.


Current PriceTarget Research Rating

NC’s future returns on capital are forecasted to be above the cost of capital. Accordingly, the company is expected to continue to be a Value Builder.

NACCO Industries has a current Value Trend Rating of A (Highest Rating). This rating combines complementary signals from two proprietary PTR measures of a stock’s attractiveness. NACCO Industries has a slightly positive Power Rating of 66 and a very high Appreciation Score of 94, producing the Highest Value Trend Rating.

Recent Price Action

NACCO Industries Inc. (NYSE: NC) stock closed at $37.10 on 12/22/23 after being unchanged was unchanged. However, below average trading volume at 74% of normal accompanied the flat performance. The stock has risen 9.3% during the last week and has been strong relative to the market over the last nine months.

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