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

Natural Alternatives International, Inc. (NASDAQ:NAII)’s stock price crossed below its 200-day moving average during trading on Tuesday . The stock has a 200-day moving average of $3.86 and traded as low as $3.28. Natural Alternatives International shares last traded at $3.28, with a volume of 6,858 shares changing hands.

Analyst Ratings Changes

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

Natural Alternatives International Stock Performance

The stock has a market cap of $20.33 million, a P/E ratio of -2.54 and a beta of 0.59. 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 business has a 50 day moving average price of $3.16 and a two-hundred day moving average price of $3.86.

Natural Alternatives International (NASDAQ:NAII) last announced its quarterly earnings results on Wednesday, May 14th. The company reported ($0.37) EPS for the quarter. Natural Alternatives International had a negative net margin of 6.26% and a negative return on equity of 9.36%. The firm had revenue of $28.77 million for the quarter.

Institutional Investors Weigh In On Natural Alternatives International

Several hedge funds and other institutional investors have recently modified their holdings of the business. Dimensional Fund Advisors LP raised its holdings in shares of Natural Alternatives International by 0.6% in the fourth quarter. Dimensional Fund Advisors LP now owns 429,043 shares of the company’s stock worth $1,841,000 after buying an additional 2,371 shares during the period. Northern Trust Corp boosted its position in shares of Natural Alternatives International by 54.3% in the 4th quarter. Northern Trust Corp now owns 37,633 shares of the company’s stock worth $162,000 after purchasing an additional 13,238 shares in the last quarter. EP Wealth Advisors LLC acquired a new stake in shares of Natural Alternatives International in the 1st quarter worth $48,000. Citadel Advisors LLC acquired a new stake in shares of Natural Alternatives International in the 4th quarter worth $61,000. Finally, Mink Brook Asset Management LLC purchased a new position in Natural Alternatives International in the 4th quarter worth $1,293,000. 32.40% of the stock is currently owned by hedge funds and other institutional investors.

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.