StockNews.com Begins Coverage on Natural Health Trends (NASDAQ:NHTC)

Equities researchers at StockNews.com initiated coverage on shares of Natural Health Trends (NASDAQ:NHTC) in a report issued on Tuesday. The firm set a “buy” rating on the stock.

Natural Health Trends Stock Performance

Shares of NASDAQ:NHTC opened at $5.51 on Tuesday. The stock has a 50-day simple moving average of $6.10 and a 200-day simple moving average of $6.65. The stock has a market capitalization of $63.44 million, a P/E ratio of 78.71 and a beta of 0.91. Natural Health Trends has a 1 year low of $5.25 and a 1 year high of $7.40.

Hedge Funds Weigh In On Natural Health Trends

Several hedge funds and other institutional investors have recently made changes to their positions in the business. Geode Capital Management LLC lifted its stake in shares of Natural Health Trends by 6.9% during the third quarter. Geode Capital Management LLC now owns 86,590 shares of the company’s stock worth $515,000 after purchasing an additional 5,624 shares in the last quarter. Bay Colony Advisory Group Inc d b a Bay Colony Advisors raised its holdings in shares of Natural Health Trends by 37.6% during the 2nd quarter. Bay Colony Advisory Group Inc d b a Bay Colony Advisors now owns 19,600 shares of the company’s stock valued at $139,000 after buying an additional 5,359 shares during the period. Finally, PSI Advisors LLC acquired a new position in Natural Health Trends during the 2nd quarter worth approximately $29,000. Institutional investors and hedge funds own 10.13% of the company’s stock.

About Natural Health Trends

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.