Nature’s Sunshine Products (NASDAQ:NATR) Stock Passes Below 200-Day Moving Average – Here’s What Happened

Nature’s Sunshine Products, Inc. (NASDAQ:NATR) crossed below its 200-day moving average during trading on Friday . The stock has a 200-day moving average of $23.80 and traded as low as $21.20. Nature’s Sunshine Products shares last traded at $21.28, with a volume of 302,096 shares trading hands.

Wall Street Analyst Weigh In

Several analysts have recently issued reports on NATR shares. Weiss Ratings cut shares of Nature’s Sunshine Products from a “buy (b)” rating to a “buy (b-)” rating in a research note on Tuesday. DA Davidson reissued a “buy” rating and set a $33.00 price objective on shares of Nature’s Sunshine Products in a research note on Monday, May 11th. Finally, Canaccord Genuity Group set a $37.00 price objective on shares of Nature’s Sunshine Products in a research note on Friday, May 8th. Three research analysts have rated the stock with a Buy rating, According to MarketBeat, Nature’s Sunshine Products presently has a consensus rating of “Buy” and an average price target of $35.00.

Nature’s Sunshine Products Trading Down 2.6%

The business’s 50-day moving average is $24.50 and its two-hundred day moving average is $23.80. The stock has a market capitalization of $374.10 million, a PE ratio of 19.35 and a beta of 0.95.

Nature’s Sunshine Products (NASDAQ:NATR) last announced its quarterly earnings results on Thursday, May 7th. The company reported $0.30 earnings per share for the quarter, topping analysts’ consensus estimates of $0.20 by $0.10. Nature’s Sunshine Products had a net margin of 4.06% and a return on equity of 14.67%. The firm had revenue of $122.89 million during the quarter, compared to analysts’ expectations of $122.15 million.

Insider Buying and Selling at Nature’s Sunshine Products

In related news, EVP Bryant J. Yates sold 19,516 shares of the company’s stock in a transaction on Friday, March 13th. The shares were sold at an average price of $24.35, for a total transaction of $475,214.60. Following the completion of the sale, the executive vice president directly owned 85,154 shares of the company’s stock, valued at approximately $2,073,499.90. This represents a 18.65% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, CAO Jonathan David Lanoy sold 4,000 shares of the company’s stock in a transaction on Friday, March 13th. The stock was sold at an average price of $24.70, for a total transaction of $98,800.00. Following the sale, the chief accounting officer directly owned 46,405 shares of the company’s stock, valued at approximately $1,146,203.50. This trade represents a 7.94% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Insiders sold a total of 50,914 shares of company stock valued at $1,213,613 in the last quarter. Company insiders own 3.10% of the company’s stock.

Hedge Funds Weigh In On Nature’s Sunshine Products

A number of institutional investors and hedge funds have recently added to or reduced their stakes in NATR. State of Alaska Department of Revenue purchased a new position in Nature’s Sunshine Products in the 4th quarter valued at about $31,000. New York State Teachers Retirement System purchased a new position in Nature’s Sunshine Products in the 1st quarter valued at about $37,000. Raymond James Financial Inc. purchased a new position in Nature’s Sunshine Products in the 2nd quarter valued at about $37,000. Clearstead Advisors LLC boosted its position in Nature’s Sunshine Products by 16,025.0% in the 4th quarter. Clearstead Advisors LLC now owns 1,935 shares of the company’s stock valued at $42,000 after buying an additional 1,923 shares during the last quarter. Finally, McIlrath & Eck LLC purchased a new position in Nature’s Sunshine Products in the 1st quarter valued at about $48,000. 79.40% of the stock is owned by hedge funds and other institutional investors.

About Nature’s Sunshine Products

Nature’s Sunshine Products, Inc is a global manufacturer and direct seller of nutritional supplements, herbal remedies, and personal care products. The company’s core business centers on research, development and distribution of vitamins, minerals, botanicals and essential oil-based formulations designed to support overall health and wellness. Operating under a network-marketing model, Nature’s Sunshine works through a network of independent distributors who promote and sell its product line directly to consumers.

The company’s product portfolio spans dietary supplements such as single-ingredient vitamins, proprietary herbal blends, sports nutrition formulas and weight-management solutions, along with skin and hair care items based on botanical extracts and essential oils.