StockNews.com initiated coverage on shares of Natural Health Trends (NASDAQ:NHTC - Free Report) in a research note released on Thursday morning. The firm issued a buy rating on the stock.
Natural Health Trends Stock Performance
Shares of Natural Health Trends stock traded down $0.24 during trading hours on Thursday, reaching $5.18. The company's stock had a trading volume of 39,957 shares, compared to its average volume of 20,370. The company's 50 day simple moving average is $5.78 and its 200 day simple moving average is $6.50. Natural Health Trends has a one year low of $5.11 and a one year high of $7.40. The stock has a market cap of $59.62 million, a P/E ratio of 74.00 and a beta of 0.89.
Natural Health Trends Dividend Announcement
The company also recently disclosed a quarterly dividend, which was paid on Friday, November 22nd. Investors of record on Tuesday, November 12th were issued a $0.20 dividend. The ex-dividend date was Tuesday, November 12th. This represents a $0.80 dividend on an annualized basis and a dividend yield of 15.44%. Natural Health Trends's dividend payout ratio (DPR) is presently 1,142.86%.
Institutional Trading of Natural Health Trends
A number of large investors have recently modified their holdings of the company. PSI Advisors LLC acquired a new stake in shares of Natural Health Trends in the 2nd quarter worth about $29,000. Bay Colony Advisory Group Inc d b a Bay Colony Advisors increased its holdings in shares of Natural Health Trends by 37.6% in the 2nd quarter. Bay Colony Advisory Group Inc d b a Bay Colony Advisors now owns 19,600 shares of the company's stock worth $139,000 after acquiring an additional 5,359 shares during the period. Finally, Geode Capital Management LLC increased its holdings in shares of Natural Health Trends by 6.9% in the 3rd quarter. Geode Capital Management LLC now owns 86,590 shares of the company's stock worth $515,000 after acquiring an additional 5,624 shares during the period. Institutional investors and hedge funds own 10.13% of the company's stock.
About Natural Health Trends
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Natural Health Trends Corp., a direct-selling and e-commerce company, provides personal care, wellness, and lifestyle products under the NHT Global brand. The company offers wellness products, including liquid, encapsulated, tableted and powder dietary and nutritional supplements, vitamins, and minerals; and herbal products comprising herbal supplements.
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