Natural Alternatives International (NASDAQ:NAII) Shares Break Below 200 Day Moving Average – Here’s What Happened

Natural Alternatives International, Inc. (NASDAQ:NAII) passed below its 200-day moving average during trading on Tuesday. The stock has a 200-day moving average of $2.44 and traded as low as $1.88. Natural Alternatives International shares last traded at $1.90, with a volume of 6,280 shares changing hands.

Analyst Ratings Changes

Separately, Weiss Ratings reiterated a “sell (e+)” rating on shares of Natural Alternatives International in a report on Friday, August 21st. One investment analyst has rated the stock with a Sell rating, According to data from MarketBeat.com, the stock has a consensus rating of “Sell”.

Natural Alternatives International Stock Down 6.5%

The company has a quick ratio of 0.87, a current ratio of 1.64 and a debt-to-equity ratio of 0.13. The company has a market capitalization of $10.86 million, a price-to-earnings ratio of -0.72 and a beta of 0.36. The business’s 50-day moving average is $2.15 and its 200-day moving average is $2.43.

Institutional Trading of Natural Alternatives International

A hedge fund recently raised its stake in Natural Alternatives International stock. Integrated Wealth Concepts LLC boosted its stake in shares of Natural Alternatives International, Inc. (NASDAQ:NAII) by 267.4% in the 2nd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 44,093 shares of the company’s stock after acquiring an additional 32,093 shares during the quarter. Integrated Wealth Concepts LLC owned 0.70% of Natural Alternatives International worth $105,000 at the end of the most recent reporting period. 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 manufacturer of nutritional supplements and specialty ingredients. The company provides contract manufacturing services for dietary supplement and sports nutrition companies, producing products such as capsules, tablets, powders, liquids and other formulated nutritional products.

NAI also develops and licenses branded ingredients, including CarnoSyn beta-alanine, which is used in sports nutrition and performance-oriented products.