Natural Alternatives International (NASDAQ:NAII) Shares Cross Below Two Hundred Day Moving Average – Here’s Why

Shares of Natural Alternatives International, Inc. (NASDAQ:NAII) passed below its 200-day moving average during trading on Tuesday . The stock has a 200-day moving average of $4.51 and traded as low as $3.58. Natural Alternatives International shares last traded at $3.59, with a volume of 3,864 shares trading hands.

Wall Street Analysts Forecast Growth

Separately, StockNews.com initiated coverage on shares of Natural Alternatives International in a report on Wednesday. They issued a “buy” rating on the stock.

Natural Alternatives International Stock Down 2.7 %

The firm has a market cap of $22.25 million, a price-to-earnings ratio of -2.78 and a beta of 0.60. The company has a current ratio of 2.70, a quick ratio of 1.50 and a debt-to-equity ratio of 0.11. The firm has a 50 day moving average price of $4.01 and a 200-day moving average price of $4.51.

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

Hedge Funds Weigh In On Natural Alternatives International

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

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.