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

Natural Alternatives International, Inc. (NASDAQ:NAII) crossed 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 trading hands.

Analysts Set New Price Targets

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

Natural Alternatives International Price Performance

The company has a fifty day simple moving average of $3.56 and a 200 day simple moving average of $4.09. The stock 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 debt-to-equity ratio of 0.11, a quick ratio of 1.50 and a current ratio of 2.70.

Natural Alternatives International (NASDAQ:NAII) last posted its quarterly earnings data on Friday, February 14th. The company reported ($0.37) EPS 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

Institutional investors have recently modified their holdings of the company. Dimensional Fund Advisors LP lifted its stake in shares of Natural Alternatives International by 0.6% in the 4th 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 period. Geode Capital Management LLC increased its stake in Natural Alternatives International by 6.9% during the 3rd quarter. Geode Capital Management LLC now owns 45,062 shares of the company’s stock valued at $258,000 after purchasing an additional 2,915 shares in the last quarter. Northern Trust Corp raised its holdings 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 acquiring an additional 13,238 shares during the last quarter. Citadel Advisors LLC bought a new position in shares of Natural Alternatives International in the fourth quarter valued at approximately $61,000. Finally, Mink Brook Asset Management LLC bought a new position in Natural Alternatives International during the 4th quarter valued at $1,293,000. 32.40% of the stock is owned by 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.