GNC Holdings Inc (NYSE:GNC) passed above its 200-day moving average during trading on Monday . The stock has a 200-day moving average of $2.06 and traded as high as $2.96. GNC shares last traded at $2.83, with a volume of 51,500 shares traded.
Separately, ValuEngine lowered shares of GNC from a “sell” rating to a “strong sell” rating in a research note on Thursday, November 14th.
The company has a market cap of $248.62 million, a price-to-earnings ratio of 8.39, a P/E/G ratio of 0.52 and a beta of 1.27. The business has a 50-day moving average price of $2.76 and a 200 day moving average price of $2.08.
Institutional investors and hedge funds have recently modified their holdings of the stock. Virtu Financial LLC lifted its stake in GNC by 118.1% during the third quarter. Virtu Financial LLC now owns 26,221 shares of the specialty retailer’s stock valued at $56,000 after buying an additional 14,196 shares in the last quarter. Squarepoint Ops LLC purchased a new position in shares of GNC in the third quarter worth approximately $91,000. FNY Investment Advisers LLC raised its holdings in shares of GNC by 100.0% during the second quarter. FNY Investment Advisers LLC now owns 50,000 shares of the specialty retailer’s stock valued at $75,000 after acquiring an additional 25,000 shares during the period. CIBC Private Wealth Group LLC acquired a new stake in shares of GNC during the third quarter valued at approximately $135,000. Finally, GSA Capital Partners LLP acquired a new stake in shares of GNC during the second quarter valued at approximately $106,000. 51.81% of the stock is currently owned by hedge funds and other institutional investors.
About GNC (NYSE:GNC)
GNC Holdings, Inc, together with its subsidiaries, operates as a specialty retailer of health, wellness, and performance products. The company operates through three segments: U.S. and Canada, International, and Manufacturing/Wholesale. Its products include proteins, performance supplements, weight management supplements, vitamins, herbs and greens, wellness supplements, health and beauty products, food and drink products, and other general merchandise.
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