Natural Alternatives International (NASDAQ:NAII) Stock Price Passes Below 200-Day Moving Average of $8.53

Natural Alternatives International, Inc. (NASDAQ:NAII – Get Rating)’s share price passed below its 200-day moving average during trading on Tuesday . The stock has a 200-day moving average of $8.53 and traded as low as $7.56. Natural Alternatives International shares last traded at $7.65, with a volume of 1,109 shares changing hands.

Analyst Ratings Changes

Separately, StockNews.com started coverage on shares of Natural Alternatives International in a report on Wednesday. They set a “buy” rating on the stock.

Natural Alternatives International Stock Performance

The stock has a market cap of $46.21 million, a price-to-earnings ratio of 12.75 and a beta of 0.64. The company has a debt-to-equity ratio of 0.11, a quick ratio of 1.06 and a current ratio of 2.59. The stock’s 50-day simple moving average is $8.56 and its two-hundred day simple moving average is $8.53.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently bought and sold shares of NAII. Liberty Wealth Management LLC acquired a new position in shares of Natural Alternatives International during the first quarter valued at about $136,000. Renaissance Technologies LLC raised its position in shares of Natural Alternatives International by 2.5% during the second quarter. Renaissance Technologies LLC now owns 429,754 shares of the company’s stock valued at $4,487,000 after buying an additional 10,456 shares during the last quarter. Finally, State Street Corp raised its position in shares of Natural Alternatives International by 12.4% during the first quarter. State Street Corp now owns 11,963 shares of the company’s stock valued at $138,000 after buying an additional 1,321 shares during the last quarter. Institutional investors and hedge funds own 26.93% of the company’s stock.

About Natural Alternatives International

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Natural Alternatives International, Inc engages in the manufacturing, distribution, and marketing of vitamins, minerals, herbal, and other nutritional supplements, as well as other health care products. It operates through Private-Label Contract Manufacturing and Royalty, Licensing, and Raw Material Sales segments.