Natural Alternatives International (NASDAQ:NAII) Share Price Passes Below 200-Day Moving Average – Here’s Why

Natural Alternatives International, Inc. (NASDAQ:NAII)’s stock price passed below its 200-day moving average during trading on Tuesday . The stock has a 200-day moving average of $4.98 and traded as low as $4.22. Natural Alternatives International shares last traded at $4.26, with a volume of 3,727 shares changing hands.

Analyst Ratings Changes

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

Natural Alternatives International Trading Up 0.2 %

The company has a debt-to-equity ratio of 0.11, a current ratio of 2.56 and a quick ratio of 1.50. The firm has a market cap of $26.41 million, a price-to-earnings ratio of -2.96 and a beta of 0.61. The business’s 50-day moving average price is $4.29 and its two-hundred day moving average price is $4.98.

Institutional Inflows and Outflows

An institutional investor recently raised its position in Natural Alternatives International stock. Geode Capital Management LLC boosted its holdings in Natural Alternatives International, Inc. (NASDAQ:NAII) by 6.9% in the 3rd quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 45,062 shares of the company’s stock after purchasing an additional 2,915 shares during the quarter. Geode Capital Management LLC owned approximately 0.73% of Natural Alternatives International worth $258,000 as of its most recent filing with the Securities and Exchange Commission. Institutional investors and hedge funds own 32.40% of the company’s stock.

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.