Natural Alternatives International (NASDAQ:NAII) Share Price Crosses Below 200 Day Moving Average – Here’s What Happened

Natural Alternatives International, Inc. (NASDAQ:NAII) shares passed below its 200-day moving average during trading on Thursday . The stock has a 200-day moving average of $2.98 and traded as low as $2.22. Natural Alternatives International shares last traded at $2.24, with a volume of 11,408 shares traded.

Wall Street Analysts Forecast Growth

Separately, Weiss Ratings reissued a “sell (e+)” rating on shares of Natural Alternatives International in a research report on Tuesday, May 26th. One investment analyst has rated the stock with a Sell rating, According to MarketBeat.com, Natural Alternatives International currently has an average rating of “Sell”.

Natural Alternatives International Price Performance

The stock has a market capitalization of $14.00 million, a P/E ratio of -0.93 and a beta of 0.36. The company has a debt-to-equity ratio of 0.13, a current ratio of 1.64 and a quick ratio of 0.87. The company’s 50-day simple moving average is $2.52 and its 200-day simple moving average is $2.97.

Natural Alternatives International (NASDAQ:NAII) last announced its quarterly earnings data on Monday, May 18th. The company reported ($0.72) EPS for the quarter. The firm had revenue of $35.48 million during the quarter. Natural Alternatives International had a negative net margin of 10.13% and a negative return on equity of 12.21%.

Hedge Funds Weigh In On Natural Alternatives International

An institutional investor recently raised its position in Natural Alternatives International stock. Renaissance Technologies LLC boosted its holdings in shares of Natural Alternatives International, Inc. (NASDAQ:NAII) by 3.7% during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 302,756 shares of the company’s stock after buying an additional 10,900 shares during the quarter. Renaissance Technologies LLC owned approximately 4.90% of Natural Alternatives International worth $1,084,000 at the end of the most recent reporting period. 32.40% of the stock is owned by institutional investors and hedge funds.

About Natural Alternatives International

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.