LifeVantage (NASDAQ:LFVN) Share Price Passes Above 200 Day Moving Average - Here's What Happened

LifeVantage Co. (NASDAQ:LFVN - Get Free Report)'s share price crossed above its 200-day moving average during trading on Monday . The stock has a 200-day moving average of $7.82 and traded as high as $12.76. LifeVantage shares last traded at $12.30, with a volume of 91,453 shares.

LifeVantage Trading Down 3.1 %

The firm has a market cap of $151.40 million, a price-to-earnings ratio of 43.93 and a beta of 0.84. The company has a 50 day moving average of $9.74 and a 200 day moving average of $7.82.

LifeVantage (NASDAQ:LFVN - Get Free Report) last released its quarterly earnings results on Wednesday, August 28th. The company reported $0.14 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.21 by ($0.07). LifeVantage had a net margin of 1.47% and a return on equity of 27.85%. The firm had revenue of $48.93 million during the quarter.

LifeVantage Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Tuesday, September 17th. Stockholders of record on Monday, September 9th were issued a $0.04 dividend. This represents a $0.16 annualized dividend and a dividend yield of 1.34%. The ex-dividend date of this dividend was Monday, September 9th. LifeVantage's payout ratio is 57.14%.

Hedge Funds Weigh In On LifeVantage

Several hedge funds have recently modified their holdings of the stock. Ritholtz Wealth Management grew its holdings in LifeVantage by 62.0% during the third quarter. Ritholtz Wealth Management now owns 28,666 shares of the company's stock worth $346,000 after purchasing an additional 10,974 shares during the period. Renaissance Technologies LLC grew its holdings in LifeVantage by 2.1% during the second quarter. Renaissance Technologies LLC now owns 855,118 shares of the company's stock worth $5,490,000 after purchasing an additional 17,300 shares during the period. Hantz Financial Services Inc. bought a new position in LifeVantage during the second quarter worth about $91,000. Hillsdale Investment Management Inc. bought a new position in LifeVantage during the first quarter worth about $76,000. Finally, Acadian Asset Management LLC grew its holdings in LifeVantage by 2.8% during the first quarter. Acadian Asset Management LLC now owns 228,088 shares of the company's stock worth $1,378,000 after purchasing an additional 6,121 shares during the period. Institutional investors own 35.32% of the company's stock.

About LifeVantage

LifeVantage Corporation engages in the identification, research, development, formulation, and sale of advanced nutrigenomic activators, dietary supplements, nootropics, pre- and pro-biotics, weight management, skin and hair care, bath and body, and targeted relief products. It offers Protandim, a dietary supplement; LifeVantage Omega+, a dietary supplement that combines DHA and EPA Omega-3 fatty acids, Omega-7 fatty acids, and vitamin D3; LifeVantage ProBio, a dietary supplement to support gut health; PhysIQ, a weight management system; LifeVantage IC Bright, a supplement to support eye and brain health, reduce eye fatigue and strain, supports cognitive functions, and support normal sleep patterns; Petandim for Dogs, a supplement to combat oxidative stress in dogs; and Axio, a nootropic energy drink mix.