Natural Alternatives International (NASDAQ:NAII) Stock Price Passes Below 200 Day Moving Average – What’s Next?

Natural Alternatives International, Inc. (NASDAQ:NAII)’s stock price passed 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.

Analyst Ratings Changes

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

Natural Alternatives International Trading Up 2.4 %

The firm has a market cap of $26.35 million, a price-to-earnings ratio of -2.95 and a beta of 0.62. The company has a quick ratio of 1.50, a current ratio of 2.56 and a debt-to-equity ratio of 0.11. The business has a 50 day moving average price of $4.24 and a 200-day moving average price of $4.86.

Institutional Inflows and Outflows

A hedge fund recently raised its stake in Natural Alternatives International stock. Geode Capital Management LLC boosted its position in Natural Alternatives International, Inc. (NASDAQ:NAII) by 6.9% during the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 45,062 shares of the company’s stock after buying an additional 2,915 shares during the quarter. Geode Capital Management LLC owned 0.73% of Natural Alternatives International worth $258,000 at the end of the most recent quarter. Institutional investors own 32.40% of the company’s stock.

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.