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 200-day moving average during trading on Wednesday . The stock has a 200-day moving average of $3.04 and traded as low as $2.42. Natural Alternatives International shares last traded at $2.43, with a volume of 4,628 shares.

Wall Street Analyst Weigh In

Separately, Weiss Ratings restated a “sell (e+)” rating on shares of Natural Alternatives International in a report on Tuesday, May 26th. One research analyst has rated the stock with a Sell rating, Based on data from MarketBeat, the company has a consensus rating of “Sell”.

Natural Alternatives International Price Performance

The stock has a market cap of $15.01 million, a price-to-earnings ratio of -1.00 and a beta of 0.38. The company has a current ratio of 1.64, a quick ratio of 0.87 and a debt-to-equity ratio of 0.13. The company’s fifty day moving average is $2.60 and its two-hundred day moving average is $3.03.

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

Hedge Funds Weigh In On Natural Alternatives International

A hedge fund recently raised its stake in Natural Alternatives International stock. Renaissance Technologies LLC raised its position in Natural Alternatives International, Inc. (NASDAQ:NAII) by 3.7% in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 302,756 shares of the company’s stock after acquiring an additional 10,900 shares during the quarter. Renaissance Technologies LLC owned approximately 4.90% of Natural Alternatives International worth $1,084,000 as of its most recent SEC filing. 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.