Natural Grocers by Vitamin Cottage (NYSE:NGVC) Reaches New 1-Year High – Should You Buy?

Natural Grocers by Vitamin Cottage, Inc. (NYSE:NGVC)’s stock price hit a new 52-week high during trading on Tuesday . The company traded as high as $34.76 and last traded at $34.65, with a volume of 78091 shares. The stock had previously closed at $33.89.

Wall Street Analysts Forecast Growth

Separately, StockNews.com downgraded Natural Grocers by Vitamin Cottage from a “strong-buy” rating to a “buy” rating in a report on Wednesday, November 6th.

Natural Grocers by Vitamin Cottage Stock Performance

The company has a debt-to-equity ratio of 0.36, a current ratio of 0.96 and a quick ratio of 0.18. The company’s fifty day moving average price is $28.30 and its 200 day moving average price is $24.43. The company has a market cap of $747.51 million, a PE ratio of 24.30 and a beta of 1.23.

Institutional Trading of Natural Grocers by Vitamin Cottage

A number of large investors have recently bought and sold shares of NGVC. Martingale Asset Management L P boosted its stake in Natural Grocers by Vitamin Cottage by 24.3% in the 3rd quarter. Martingale Asset Management L P now owns 13,312 shares of the specialty retailer’s stock worth $395,000 after purchasing an additional 2,600 shares during the period. CreativeOne Wealth LLC purchased a new position in Natural Grocers by Vitamin Cottage in the third quarter worth $202,000. FMR LLC increased its position in shares of Natural Grocers by Vitamin Cottage by 31.5% during the 3rd quarter. FMR LLC now owns 54,115 shares of the specialty retailer’s stock valued at $1,607,000 after purchasing an additional 12,975 shares during the last quarter. Hancock Whitney Corp purchased a new position in shares of Natural Grocers by Vitamin Cottage during the third quarter worth approximately $214,000. Finally, Dynamic Technology Lab Private Ltd bought a new stake in Natural Grocers by Vitamin Cottage in the third quarter worth $430,000. 31.99% of the stock is owned by hedge funds and other institutional investors.

About Natural Grocers by Vitamin Cottage

Natural Grocers by Vitamin Cottage, Inc, together with its subsidiaries, retails natural and organic groceries, and dietary supplements in the United States. The company’s stores offer natural and organic grocery products, such as organic produce; private label repackaged bulk products, including dried fruits, nuts, grains, granolas, teas, herbs, and spices, as well as peanut and almond butters; private label products comprising grocery staples, household products, bulk foods, and vitamins and dietary supplements, as well as organic eggs, organic flavored coffee, and organic mustard; dry, frozen, and canned groceries; meat and seafood products; dairy products, dairy substitutes, and eggs; prepared foods; bread and baked products; beverages; and beer, wine, and hard cider products.