GNC (NYSE:GNC) Stock Passes Above 200 Day Moving Average of $2.06

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.

GNC (NYSE:GNC) last issued its earnings results on Thursday, October 24th. The specialty retailer reported ($0.02) earnings per share (EPS) for the quarter, missing the Zacks’ consensus estimate of $0.02 by ($0.04). GNC had a negative return on equity of 18.62% and a net margin of 2.67%. The company had revenue of $499.10 million during the quarter, compared to analyst estimates of $510.05 million. During the same quarter in the previous year, the firm earned $0.02 earnings per share. The business’s revenue was down 14.0% compared to the same quarter last year. Research analysts forecast that GNC Holdings Inc will post 0.3 EPS for the current year.

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.


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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