Natural Alternatives International (NASDAQ:NAII) Share Price Crosses Below 200 Day Moving Average – Here’s Why

Natural Alternatives International, Inc. (NASDAQ:NAII)’s stock price passed below its 200-day moving average during trading on Thursday . The stock has a 200-day moving average of $4.22 and traded as low as $2.89. Natural Alternatives International shares last traded at $3.00, with a volume of 16,169 shares.

Wall Street Analyst Weigh In

Separately, StockNews.com started coverage on shares of Natural Alternatives International in a report on Friday. They issued a “buy” rating for the company.

Natural Alternatives International Trading Down 2.8 %

The firm has a market capitalization of $18.07 million, a price-to-earnings ratio of -2.26 and a beta of 0.60. The company has a quick ratio of 1.50, a current ratio of 2.70 and a debt-to-equity ratio of 0.11. The firm’s 50 day moving average is $3.70 and its 200 day moving average is $4.19.

Natural Alternatives International (NASDAQ:NAII) last announced its quarterly earnings data on Friday, February 14th. The company reported ($0.37) EPS for the quarter. The company had revenue of $34.08 million for the quarter. Natural Alternatives International had a negative net margin of 6.26% and a negative return on equity of 9.36%.

Hedge Funds Weigh In On Natural Alternatives International

A number of institutional investors have recently bought and sold shares of NAII. Geode Capital Management LLC increased its position in shares of Natural Alternatives International by 6.9% in the third quarter. Geode Capital Management LLC now owns 45,062 shares of the company’s stock worth $258,000 after acquiring an additional 2,915 shares in the last quarter. Dimensional Fund Advisors LP raised its stake in Natural Alternatives International by 0.6% during the 4th quarter. Dimensional Fund Advisors LP now owns 429,043 shares of the company’s stock valued at $1,841,000 after purchasing an additional 2,371 shares during the period. Northern Trust Corp lifted its holdings in shares of Natural Alternatives International by 54.3% in the fourth quarter. Northern Trust Corp now owns 37,633 shares of the company’s stock valued at $162,000 after purchasing an additional 13,238 shares in the last quarter. Citadel Advisors LLC acquired a new stake in shares of Natural Alternatives International in the fourth quarter worth $61,000. Finally, Mink Brook Asset Management LLC acquired a new position in Natural Alternatives International during the fourth quarter valued at $1,293,000. Hedge funds and other institutional investors own 32.40% of the company’s stock.

About Natural Alternatives International

Natural Alternatives International, Inc engages in formulating, manufacturing, and marketing nutritional supplements in the United States, Europe, Australia, Asia, Mexico, and Canada. The company operates in two segments, Private-Label Contract Manufacturing, and Patent and Trademark Licensing. It offers private-label contract manufacturing services to companies that market and distribute vitamins, minerals, herbal, and other nutritional supplements, as well as other health care products.