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

Natural Alternatives International, Inc. (NASDAQ:NAII) crossed below its two hundred day moving average during trading on Thursday . The stock has a two hundred day moving average of $4.86 and traded as low as $4.08. Natural Alternatives International shares last traded at $4.25, with a volume of 6,228 shares trading hands.

Wall Street Analysts Forecast Growth

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

Natural Alternatives International Trading Down 2.4 %

The company’s 50 day moving average price is $4.24 and its 200 day moving average price is $4.85. 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 $25.73 million, a PE ratio of -2.88 and a beta of 0.62.

Natural Alternatives International (NASDAQ:NAII) last issued its quarterly earnings results on Friday, February 14th. The company reported ($0.37) earnings per share (EPS) for the quarter. The firm had revenue of $34.08 million during the quarter. Natural Alternatives International had a negative return on equity of 10.23% and a negative net margin of 7.53%.

Hedge Funds Weigh In On Natural Alternatives International

A number of hedge funds and other institutional investors have recently bought and sold shares of the company. Dimensional Fund Advisors LP grew its position in 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 buying an additional 2,371 shares during the last quarter. Geode Capital Management LLC grew its position in Natural Alternatives International by 6.9% in the 3rd quarter. Geode Capital Management LLC now owns 45,062 shares of the company’s stock valued at $258,000 after buying an additional 2,915 shares during the last quarter. Finally, Northern Trust Corp grew its position in Natural Alternatives International by 54.3% in the 4th quarter. Northern Trust Corp now owns 37,633 shares of the company’s stock valued at $162,000 after buying an additional 13,238 shares during the last quarter. 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.