Nature's Sunshine Products (NASDAQ:NATR) Stock Price Crosses Below 200-Day Moving Average - Here's Why

Nature's Sunshine Products, Inc. (NASDAQ:NATR - Get Free Report)'s share price passed below its two hundred day moving average during trading on Monday . The stock has a two hundred day moving average of $15.53 and traded as low as $12.99. Nature's Sunshine Products shares last traded at $13.02, with a volume of 14,448 shares traded.

Wall Street Analyst Weigh In

A number of brokerages have recently issued reports on NATR. Canaccord Genuity Group began coverage on shares of Nature's Sunshine Products in a report on Friday, September 13th. They issued a "buy" rating and a $18.00 price target on the stock. StockNews.com raised shares of Nature's Sunshine Products from a "buy" rating to a "strong-buy" rating in a report on Tuesday, September 10th. DA Davidson lowered their price target on shares of Nature's Sunshine Products from $23.00 to $21.00 and set a "buy" rating on the stock in a report on Monday, August 12th. Finally, Canaccord Genuity Group began coverage on shares of Nature's Sunshine Products in a report on Friday, September 13th. They issued a "buy" rating and a $18.00 price target on the stock.

Nature's Sunshine Products Price Performance

The business's 50 day moving average is $13.42 and its two-hundred day moving average is $15.53. The firm has a market capitalization of $241.99 million, a PE ratio of 15.20 and a beta of 0.87.

Nature's Sunshine Products (NASDAQ:NATR - Get Free Report) last announced its earnings results on Thursday, August 8th. The company reported $0.07 earnings per share for the quarter, missing analysts' consensus estimates of $0.25 by ($0.18). The company had revenue of $110.55 million during the quarter. Nature's Sunshine Products had a net margin of 3.50% and a return on equity of 9.79%.

Insiders Place Their Bets

In other Nature's Sunshine Products news, major shareholder Fosun Pharmaceutical Shanghai sold 3,000 shares of Nature's Sunshine Products stock in a transaction that occurred on Thursday, October 10th. The shares were sold at an average price of $13.39, for a total transaction of $40,170.00. Following the transaction, the insider now directly owns 69,347 shares of the company's stock, valued at approximately $928,556.33. This trade represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Over the last ninety days, insiders have sold 7,499 shares of company stock valued at $99,802. 4.70% of the stock is currently owned by corporate insiders.

Institutional Inflows and Outflows

Large investors have recently made changes to their positions in the business. Paradigm Capital Management Inc. NY grew its holdings in shares of Nature's Sunshine Products by 26.8% in the second quarter. Paradigm Capital Management Inc. NY now owns 695,079 shares of the company's stock worth $10,475,000 after purchasing an additional 146,879 shares during the last quarter. XTX Topco Ltd bought a new position in shares of Nature's Sunshine Products in the second quarter worth approximately $180,000. Renaissance Technologies LLC grew its holdings in shares of Nature's Sunshine Products by 1.9% in the second quarter. Renaissance Technologies LLC now owns 559,797 shares of the company's stock worth $8,436,000 after purchasing an additional 10,700 shares during the last quarter. Dimensional Fund Advisors LP grew its holdings in shares of Nature's Sunshine Products by 4.7% in the second quarter. Dimensional Fund Advisors LP now owns 786,966 shares of the company's stock worth $11,860,000 after purchasing an additional 34,996 shares during the last quarter. Finally, American Century Companies Inc. grew its holdings in shares of Nature's Sunshine Products by 25.7% in the second quarter. American Century Companies Inc. now owns 260,479 shares of the company's stock worth $3,925,000 after purchasing an additional 53,221 shares during the last quarter. 79.40% of the stock is owned by hedge funds and other institutional investors.

About Nature's Sunshine Products

Nature's Sunshine Products, Inc, a natural health and wellness company, manufactures and sells nutritional and personal care products in Asia, Europe, North America, Latin America, and internationally. It offers general health products related to blood sugar support, bone health, cellular health, cognitive function, joint health, mood, sexual health, sleep, sports and energy, and vision.