Natural Alternatives International, Inc. (NASDAQ:NAII) shares crossed above its 50 day moving average during trading on Wednesday . The stock has a 50 day moving average of $10.90 and traded as high as $10.16. Natural Alternatives International shares last traded at $10.12, with a volume of 1,220 shares trading hands.
The firm has a market capitalization of $78.17 million, a PE ratio of 7.81 and a beta of 0.17. The business’s 50-day moving average is $10.88.
A number of institutional investors and hedge funds have recently modified their holdings of the stock. Financial Sense Advisors Inc. acquired a new position in Natural Alternatives International during the first quarter valued at approximately $256,000. Wedbush Securities Inc. grew its holdings in Natural Alternatives International by 5.3% during the first quarter. Wedbush Securities Inc. now owns 142,679 shares of the company’s stock valued at $1,641,000 after purchasing an additional 7,209 shares during the last quarter. LSV Asset Management acquired a new position in Natural Alternatives International during the second quarter valued at approximately $69,000. Vanguard Group Inc. grew its holdings in Natural Alternatives International by 0.6% during the second quarter. Vanguard Group Inc. now owns 274,344 shares of the company’s stock valued at $3,199,000 after purchasing an additional 1,700 shares during the last quarter. Finally, BlackRock Inc. grew its holdings in Natural Alternatives International by 7.7% during the second quarter. BlackRock Inc. now owns 17,497 shares of the company’s stock valued at $204,000 after purchasing an additional 1,247 shares during the last quarter. 31.44% of the stock is currently owned by hedge funds and other institutional investors.
Natural Alternatives International, Inc engages in formulating, manufacturing, and marketing nutritional supplements in the United States and internationally. It operates through two segments, Private-Label Contract Manufacturing, and Patent and Trademark Licensing. The company offers private-label contract manufacturing services to companies that market and distribute vitamins, minerals, herbal, and other nutritional supplements, as well as other health care products.
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