Natural Alternatives International (NASDAQ:NAII) Stock Passes Below 200 Day Moving Average – Here’s What Happened

Natural Alternatives International, Inc. (NASDAQ:NAIIGet Free Report) shares passed below its 200-day moving average during trading on Friday . The stock has a 200-day moving average of $2.51 and traded as low as $2.04. Natural Alternatives International shares last traded at $2.08, with a volume of 8,343 shares traded.

Analysts Set New Price Targets

Separately, Weiss Ratings restated a “sell (e+)” rating on shares of Natural Alternatives International in a research note on Friday, August 21st. One research analyst has rated the stock with a Sell rating, Based on data from MarketBeat, Natural Alternatives International currently has a consensus rating of “Sell”.

Get Our Latest Stock Analysis on NAII

Natural Alternatives International Stock Performance

The company has a 50-day moving average of $2.24 and a 200-day moving average of $2.51. The company has a market cap of $13.05 million, a PE ratio of -0.87 and a beta of 0.36. The company has a quick ratio of 0.87, a current ratio of 1.64 and a debt-to-equity ratio of 0.13.

Institutional Trading of Natural Alternatives International

A hedge fund recently raised its position in Natural Alternatives International stock. Renaissance Technologies LLC increased its position in shares of Natural Alternatives International, Inc. (NASDAQ:NAIIFree Report) by 3.7% during the 4th quarter, according to the company in its most recent Form 13F filing with the SEC. The fund owned 302,756 shares of the company’s stock after purchasing an additional 10,900 shares during the quarter. Renaissance Technologies LLC owned approximately 4.90% of Natural Alternatives International worth $1,084,000 as of its most recent SEC filing. Institutional investors and hedge funds own 32.40% of the company’s stock.

About Natural Alternatives International

(Get Free Report)

Natural Alternatives International, Inc (NASDAQ: NAII) is a developer and contract manufacturer of nutritional supplements and related health products. Founded in 1980 and headquartered in Carlsbad, California, the company specializes in turnkey solutions for dietary supplement and functional food brands, combining scientific research with large-scale production capabilities.

NAII’s product portfolio spans a wide range of dosage forms, including softgels, tablets, capsules, powders, effervescent drink mixes and chewables.

Further Reading

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