StockNews.com Initiates Coverage on Natural Health Trends (NASDAQ:NHTC)

StockNews.com initiated coverage on shares of Natural Health Trends (NASDAQ:NHTC) in a report issued on Thursday. The brokerage set a “buy” rating on the stock.

Natural Health Trends Stock Up 2.1 %

Shares of NHTC opened at $5.42 on Thursday. Natural Health Trends has a 52 week low of $5.11 and a 52 week high of $7.40. The stock has a market cap of $62.40 million, a price-to-earnings ratio of 77.43 and a beta of 0.89. The business has a 50-day simple moving average of $5.79 and a two-hundred day simple moving average of $6.51.

Institutional Trading of Natural Health Trends

A number of institutional investors and hedge funds have recently bought and sold shares of NHTC. Geode Capital Management LLC increased its holdings in shares of Natural Health Trends by 6.9% in the third quarter. Geode Capital Management LLC now owns 86,590 shares of the company’s stock worth $515,000 after purchasing an additional 5,624 shares during the last quarter. Bay Colony Advisory Group Inc d b a Bay Colony Advisors increased its position in Natural Health Trends by 37.6% in the second quarter. Bay Colony Advisory Group Inc d b a Bay Colony Advisors now owns 19,600 shares of the company’s stock worth $139,000 after purchasing an additional 5,359 shares during the last quarter. Finally, PSI Advisors LLC purchased a new stake in Natural Health Trends during the second quarter valued at $29,000. 10.13% of the stock is currently owned by institutional investors.

About Natural Health Trends

Natural Health Trends Corp., a direct-selling and e-commerce company, provides personal care, wellness, and lifestyle products under the NHT Global brand. The company offers wellness products, including liquid, encapsulated, tableted and powder dietary and nutritional supplements, vitamins, and minerals; and herbal products comprising herbal supplements.