Natural Alternatives International (NASDAQ:NAII) Share Price Passes Below Two Hundred Day Moving Average – What’s Next?

Natural Alternatives International, Inc. (NASDAQ:NAII) shares 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.

Wall Street Analyst Weigh In

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

Natural Alternatives International Stock Down 1.4 %

The company has a debt-to-equity ratio of 0.11, a quick ratio of 1.50 and a current ratio of 2.70. The stock has a market cap of $21.39 million, a price-to-earnings ratio of -2.67 and a beta of 0.60. The business’s 50 day moving average is $3.98 and its 200 day moving average is $4.49.

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

Institutional Trading of Natural Alternatives International

A number of hedge funds have recently made changes to their positions in the stock. Citadel Advisors LLC purchased a new stake in Natural Alternatives International in the 4th quarter worth approximately $61,000. Northern Trust Corp increased its stake 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 acquiring an additional 13,238 shares during the last quarter. Geode Capital Management LLC raised 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 worth $258,000 after acquiring an additional 2,915 shares in the last quarter. Mink Brook Asset Management LLC acquired a new stake in Natural Alternatives International during the fourth quarter valued at $1,293,000. Finally, Dimensional Fund Advisors LP boosted its position 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 purchasing an additional 2,371 shares during the last quarter. 32.40% of the stock is owned by hedge funds and other institutional investors.

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.