Nautilus (NYSE:NLS) Shares Pass Above Two Hundred Day Moving Average of $1.72

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Nautilus, Inc. (NYSE:NLS) shares passed above its two hundred day moving average during trading on Thursday . The stock has a two hundred day moving average of $1.72 and traded as high as $2.02. Nautilus shares last traded at $1.90, with a volume of 49,101 shares.

NLS has been the topic of a number of research reports. ValuEngine raised shares of Nautilus from a “hold” rating to a “buy” rating in a research note on Wednesday, October 2nd. Zacks Investment Research lowered shares of Nautilus from a “hold” rating to a “sell” rating in a research note on Wednesday, November 13th. Finally, Imperial Capital lowered shares of Nautilus from an “outperform” rating to an “outperform” rating and decreased their target price for the stock from $4.50 to $2.00 in a research note on Monday, November 11th. One investment analyst has rated the stock with a sell rating, six have issued a hold rating and two have issued a buy rating to the company’s stock. The company has an average rating of “Hold” and an average price target of $6.43.

The company has a debt-to-equity ratio of 0.48, a quick ratio of 0.86 and a current ratio of 1.82. The stock’s 50 day simple moving average is $1.59 and its two-hundred day simple moving average is $1.72. The firm has a market capitalization of $52.62 million, a PE ratio of 3.72 and a beta of 0.89.

Nautilus (NYSE:NLS) last released its quarterly earnings results on Thursday, November 7th. The specialty retailer reported ($0.23) EPS for the quarter, missing the Thomson Reuters’ consensus estimate of ($0.06) by ($0.17). The firm had revenue of $61.71 million for the quarter, compared to analysts’ expectations of $78.86 million. Nautilus had a negative net margin of 30.19% and a negative return on equity of 17.57%. Equities research analysts expect that Nautilus, Inc. will post -0.92 earnings per share for the current fiscal year.

Several hedge funds have recently added to or reduced their stakes in NLS. Renaissance Technologies LLC purchased a new stake in shares of Nautilus during the 2nd quarter valued at approximately $1,335,000. Millennium Management LLC raised its position in shares of Nautilus by 90.6% during the 3rd quarter. Millennium Management LLC now owns 1,241,629 shares of the specialty retailer’s stock valued at $1,676,000 after buying an additional 590,187 shares during the period. D. E. Shaw & Co. Inc. raised its position in shares of Nautilus by 56.9% during the 2nd quarter. D. E. Shaw & Co. Inc. now owns 1,139,900 shares of the specialty retailer’s stock valued at $2,520,000 after buying an additional 413,602 shares during the period. Morgan Stanley raised its position in shares of Nautilus by 41.9% during the 2nd quarter. Morgan Stanley now owns 1,170,736 shares of the specialty retailer’s stock valued at $2,588,000 after buying an additional 345,892 shares during the period. Finally, Citadel Advisors LLC raised its position in shares of Nautilus by 90.2% during the 2nd quarter. Citadel Advisors LLC now owns 558,014 shares of the specialty retailer’s stock valued at $1,234,000 after buying an additional 264,628 shares during the period. 61.88% of the stock is currently owned by hedge funds and other institutional investors.

About Nautilus (NYSE:NLS)

Nautilus, Inc, a consumer fitness products company, designs, develops, sources, and markets cardio and strength fitness products, and related accessories for consumer and commercial use in the United States, Canada, and internationally. The company operates in two segments, Direct and Retail. It offers specialized cardio products, treadmills, ellipticals, bike products, strength products, home gyms, dumbbells, and weight benches primarily under the Nautilus, Bowflex, Octane Fitness, Schwinn, and Universal brands.

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