Nature’s Sunshine Products (NASDAQ:NATR) Share Price Breaks Below Two Hundred Day Moving Average – Here’s What Happened

Nature’s Sunshine Products, Inc. (NASDAQ:NATR)’s stock price crossed below its 200-day moving average during trading on Friday. The stock has a 200-day moving average of $20.58 and traded as low as $12.81. Nature’s Sunshine Products shares last traded at $12.92, with a volume of 77,335 shares changing hands.

Wall Street Analyst Weigh In

NATR has been the topic of a number of analyst reports. DA Davidson lowered their price objective on Nature’s Sunshine Products from $33.00 to $25.00 and set a “buy” rating on the stock in a report on Monday, August 10th. Weiss Ratings cut Nature’s Sunshine Products from a “hold (c+)” rating to a “hold (c)” rating in a report on Tuesday, August 18th. Wall Street Zen downgraded Nature’s Sunshine Products from a “buy” rating to a “hold” rating in a research note on Sunday, August 16th. Finally, Canaccord Genuity Group dropped their price objective on Nature’s Sunshine Products from $37.00 to $36.00 and set a “buy” rating on the stock in a report on Thursday, July 30th. Two investment analysts have rated the stock with a Buy rating and one has given a Hold rating to the company’s stock. According to data from MarketBeat, Nature’s Sunshine Products presently has a consensus rating of “Moderate Buy” and an average target price of $30.50.

Nature’s Sunshine Products Stock Up 0.1%

The stock has a market cap of $227.39 million, a PE ratio of 12.79 and a beta of 0.84. The business’s fifty day moving average is $15.90 and its 200 day moving average is $20.58.

Nature’s Sunshine Products (NASDAQ:NATR) last issued its earnings results on Thursday, August 6th. The company reported $0.21 earnings per share for the quarter, missing the consensus estimate of $0.27 by ($0.06). Nature’s Sunshine Products had a return on equity of 12.88% and a net margin of 3.68%.The company had revenue of $116.99 million for the quarter, compared to analyst estimates of $123.70 million.

Insider Buying and Selling at Nature’s Sunshine Products

In other news, major shareholder Prescott Group Capital Managem acquired 20,000 shares of the company’s stock in a transaction that occurred on Monday, August 17th. The stock was purchased at an average cost of $14.69 per share, with a total value of $293,800.00. Following the purchase, the insider directly owned 1,944,486 shares of the company’s stock, valued at approximately $28,564,499.34. This trade represents a 1.04% increase in their position. The acquisition was disclosed in a document filed with the SEC, which is available through the SEC website. In the last 90 days, insiders purchased 161,389 shares of company stock valued at $2,612,536. Corporate insiders own 3.10% of the company’s stock.

Institutional Inflows and Outflows

Hedge funds have recently made changes to their positions in the company. Legal & General Group Plc acquired a new position in shares of Nature’s Sunshine Products during the 2nd quarter worth $30,000. New York State Teachers Retirement System purchased a new position in Nature’s Sunshine Products during the 1st quarter valued at about $37,000. Clearstead Advisors LLC raised its position in Nature’s Sunshine Products by 16,025.0% during the fourth quarter. Clearstead Advisors LLC now owns 1,935 shares of the company’s stock worth $42,000 after acquiring an additional 1,923 shares during the last quarter. McIlrath & Eck LLC purchased a new stake in shares of Nature’s Sunshine Products in the first quarter valued at about $48,000. Finally, Kemnay Advisory Services Inc. purchased a new stake in shares of Nature’s Sunshine Products in the fourth quarter valued at about $201,000. Hedge funds and other institutional investors own 79.40% of the company’s stock.

About Nature’s Sunshine Products

Nature’s Sunshine Products, Inc is a natural health and wellness company that develops, manufactures and distributes dietary supplements and related products. Its offerings include herbal supplements, vitamins, minerals, specialty nutritional formulas, essential oils and personal-care products, sold primarily under the Nature’s Sunshine and Synergy WorldWide brands.

Founded in 1972, the company has built its business around direct selling, supported by independent distributors and online sales channels.