Natural Alternatives International (NASDAQ:NAII) Share Price Passes Below 200 Day Moving Average – Should You Sell?

Shares of Natural Alternatives International, Inc. (NASDAQ:NAII) crossed below its 200-day moving average during trading on Friday . The stock has a 200-day moving average of $4.10 and traded as low as $2.70. Natural Alternatives International shares last traded at $2.69, with a volume of 22,262 shares trading hands.

Wall Street Analysts Forecast Growth

Separately, StockNews.com began coverage on shares of Natural Alternatives International in a research note on Saturday. They set a “buy” rating on the stock.

Natural Alternatives International Price Performance

The firm has a market capitalization of $16.68 million, a P/E ratio of -2.09 and a beta of 0.60. The company has a quick ratio of 1.50, a current ratio of 2.70 and a debt-to-equity ratio of 0.11. The business’s 50 day moving average is $3.56 and its 200-day moving average is $4.09.

Natural Alternatives International (NASDAQ:NAII) last announced its quarterly earnings data on Friday, February 14th. The company reported ($0.37) earnings per share for the quarter. Natural Alternatives International had a negative return on equity of 9.36% and a negative net margin of 6.26%. The business had revenue of $34.08 million for the quarter.

Institutional Investors Weigh In On Natural Alternatives International

A number of hedge funds have recently made changes to their positions in NAII. Geode Capital Management LLC lifted its stake 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 purchasing an additional 2,915 shares during the last quarter. Citadel Advisors LLC acquired a new position in shares of Natural Alternatives International during the fourth quarter worth $61,000. Northern Trust Corp lifted its stake in shares of 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 acquiring an additional 13,238 shares during the last quarter. Dimensional Fund Advisors LP lifted its stake in shares of 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 acquiring an additional 2,371 shares during the last quarter. Finally, Mink Brook Asset Management LLC acquired a new stake in shares of Natural Alternatives International during the 4th quarter valued at $1,293,000. 32.40% of the stock is currently owned by institutional investors and hedge funds.

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.