Bon Natural Life (NASDAQ:BON) Trading Down 4.5% – Here’s Why

Bon Natural Life Limited (NASDAQ:BON)’s stock price was down 4.5% on Wednesday . The company traded as low as $1.05 and last traded at $1.05. Approximately 3,580 shares changed hands during trading, a decline of 57% from the average daily volume of 8,269 shares. The stock had previously closed at $1.10.

Analysts Set New Price Targets

Separately, Weiss Ratings reaffirmed a “sell (d)” rating on shares of Bon Natural Life in a research note on Friday, June 26th. One analyst has rated the stock with a Sell rating, According to MarketBeat.com, the stock currently has a consensus rating of “Sell”.

Bon Natural Life Stock Performance

The stock’s 50 day simple moving average is $1.20 and its 200 day simple moving average is $1.36.

Bon Natural Life Company Profile

Bon Natural Life Limited, together with its subsidiaries, engages in the research and development, manufacture, and sale of functional active ingredients extracted from natural herb plants in the People’s Republic of China and internationally. The company provides personal care ingredients, such as plant extracted fragrance compounds to perfume and fragrance manufacturers; natural health supplements comprising powder drinks and bioactive food ingredient products primarily used as food additives; and nutritional supplements.