Natural Alternatives International (NASDAQ:NAII) Stock Price Crosses Below 200-Day Moving Average – Here’s Why

Shares of 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 $3.15 and traded as low as $2.52. Natural Alternatives International shares last traded at $2.63, with a volume of 16,201 shares changing hands.

Wall Street Analysts Forecast Growth

Separately, Weiss Ratings reissued a “sell (e+)” rating on shares of Natural Alternatives International in a report on Tuesday. One investment analyst has rated the stock with a Sell rating, According to MarketBeat, the company presently has an average rating of “Sell”.

Natural Alternatives International Trading Down 3.8%

The company has a debt-to-equity ratio of 0.13, a current ratio of 1.64 and a quick ratio of 0.87. The stock has a 50 day moving average price of $2.68 and a 200-day moving average price of $3.14.

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

Institutional Trading of Natural Alternatives International

An institutional investor recently raised its position in Natural Alternatives International stock. Renaissance Technologies LLC lifted its position in Natural Alternatives International, Inc. (NASDAQ:NAII) by 3.7% during the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 302,756 shares of the company’s stock after acquiring an additional 10,900 shares during the period. Renaissance Technologies LLC owned 4.90% of Natural Alternatives International worth $1,084,000 as of its most recent filing with the Securities and Exchange Commission (SEC). 32.40% of the stock is currently owned by institutional investors.

Natural Alternatives International Company Profile

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.