Natural Alternatives International (NASDAQ:NAII) Shares Pass Below Two Hundred Day Moving Average – Here’s What Happened

Natural Alternatives International, Inc. (NASDAQ:NAII) passed below its 200-day moving average during trading on Friday . The stock has a 200-day moving average of $4.10 and traded as low as $2.70. Natural Alternatives International shares last traded at $2.69, with a volume of 22,262 shares traded.

Analyst Ratings Changes

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

Natural Alternatives International Stock Down 2.2 %

The stock has a fifty day moving average of $3.56 and a 200-day moving average of $4.10. The firm has a market capitalization of $16.68 million, a price-to-earnings ratio of -2.09 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.

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 return on equity of 9.36% and a negative net margin of 6.26%. The company had revenue of $34.08 million during the quarter.

Institutional Investors Weigh In On Natural Alternatives International

Large investors have recently made changes to their positions in the company. Citadel Advisors LLC purchased a new position in Natural Alternatives International during the 4th quarter worth approximately $61,000. Northern Trust Corp boosted its position 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 worth $162,000 after buying an additional 13,238 shares during the period. Geode Capital Management LLC grew its holdings in shares of Natural Alternatives International by 6.9% during the third quarter. Geode Capital Management LLC now owns 45,062 shares of the company’s stock valued at $258,000 after buying an additional 2,915 shares in the last quarter. Mink Brook Asset Management LLC acquired a new position in Natural Alternatives International during the fourth quarter valued at $1,293,000. Finally, Dimensional Fund Advisors LP lifted its stake in Natural Alternatives International by 0.6% in the 4th quarter. Dimensional Fund Advisors LP now owns 429,043 shares of the company’s stock worth $1,841,000 after acquiring an additional 2,371 shares in the last quarter. Institutional investors and hedge funds own 32.40% of the company’s stock.

Natural Alternatives International Company Profile

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.