Nature’s Sunshine Products (NASDAQ:NATR) Shares Pass Above 200-Day Moving Average – Time to Sell?

Shares of Nature’s Sunshine Products, Inc. (NASDAQ:NATR) crossed above its 200-day moving average during trading on Thursday . The stock has a 200-day moving average of $13.97 and traded as high as $14.87. Nature’s Sunshine Products shares last traded at $14.65, with a volume of 54,224 shares changing hands.

Analyst Ratings Changes

Separately, DA Davidson reissued a “buy” rating and set a $19.00 price target on shares of Nature’s Sunshine Products in a research report on Tuesday, June 3rd.

Nature’s Sunshine Products Price Performance

The stock has a market cap of $270.44 million, a PE ratio of 27.64 and a beta of 1.16. The business has a fifty day moving average of $13.58 and a 200 day moving average of $13.97.

Nature’s Sunshine Products (NASDAQ:NATR) last issued its quarterly earnings results on Tuesday, May 6th. The company reported $0.25 EPS for the quarter, beating analysts’ consensus estimates of $0.16 by $0.09. Nature’s Sunshine Products had a return on equity of 6.98% and a net margin of 2.22%. The firm had revenue of $113.25 million during the quarter, compared to the consensus estimate of $109.39 million.

Institutional Trading of Nature’s Sunshine Products

Institutional investors and hedge funds have recently made changes to their positions in the stock. Connor Clark & Lunn Investment Management Ltd. acquired a new stake in shares of Nature’s Sunshine Products during the 4th quarter worth approximately $314,000. Northern Trust Corp increased its position in shares of Nature’s Sunshine Products by 2.7% during the 4th quarter. Northern Trust Corp now owns 119,005 shares of the company’s stock valued at $1,745,000 after purchasing an additional 3,174 shares during the period. BNP Paribas Financial Markets increased its position in shares of Nature’s Sunshine Products by 346.9% during the 4th quarter. BNP Paribas Financial Markets now owns 11,719 shares of the company’s stock valued at $172,000 after purchasing an additional 9,097 shares during the period. Ameriprise Financial Inc. increased its position in shares of Nature’s Sunshine Products by 16.8% during the 4th quarter. Ameriprise Financial Inc. now owns 51,182 shares of the company’s stock valued at $750,000 after purchasing an additional 7,348 shares during the period. Finally, Millennium Management LLC acquired a new position in shares of Nature’s Sunshine Products during the 4th quarter valued at $1,135,000. 79.40% of the stock is currently owned by institutional investors and hedge funds.

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.