Natural Health Trends (NASDAQ:NHTC) Shares Pass Below 50-Day Moving Average – Here’s What Happened

Natural Health Trends Corp. (NASDAQ:NHTC)’s stock price crossed below its 50 day moving average during trading on Wednesday . The stock has a 50 day moving average of $3.31 and traded as low as $2.80. Natural Health Trends shares last traded at $2.88, with a volume of 15,624 shares trading hands.

Analyst Ratings Changes

Separately, Weiss Ratings restated a “sell (d)” rating on shares of Natural Health Trends in a research note on Monday, March 23rd. One research analyst has rated the stock with a Sell rating, Based on data from MarketBeat.com, the stock currently has a consensus rating of “Sell”.

Natural Health Trends Price Performance

The firm has a market capitalization of $24.71 million, a PE ratio of -36.00 and a beta of 0.89. The company has a 50-day moving average price of $3.31 and a 200 day moving average price of $3.56.

Natural Health Trends (NASDAQ:NHTC) last issued its earnings results on Wednesday, February 4th. The company reported ($0.05) earnings per share (EPS) for the quarter. Natural Health Trends had a negative net margin of 2.22% and a negative return on equity of 3.23%. The business had revenue of $9.75 million for the quarter.

Natural Health Trends Cuts Dividend

The business also recently disclosed a quarterly dividend, which was paid on Friday, February 27th. Stockholders of record on Tuesday, February 17th were given a dividend of $0.10 per share. The ex-dividend date was Tuesday, February 17th. This represents a $0.40 annualized dividend and a dividend yield of 13.9%. Natural Health Trends’s dividend payout ratio (DPR) is presently -500.00%.

Hedge Funds Weigh In On Natural Health Trends

Hedge funds have recently modified their holdings of the stock. CIBC Bancorp USA Inc. bought a new position in shares of Natural Health Trends during the third quarter worth $718,000. Bridgeway Capital Management LLC bought a new stake in Natural Health Trends in the 3rd quarter valued at $101,000. Finally, Osaic Holdings Inc. lifted its stake in Natural Health Trends by 536,392.2% in the 2nd quarter. Osaic Holdings Inc. now owns 413,099 shares of the company’s stock worth $1,789,000 after purchasing an additional 413,022 shares in the last quarter. Hedge funds and other institutional investors own 10.13% of the company’s stock.

Natural Health Trends Company Profile

Natural Health Trends Corp. is a U.S.-based holding company that develops, markets and distributes a range of plant-based health supplements, nutritional products and personal care items. The company’s product portfolio spans weight management, skin care, men’s health, nutritional supplements and wellness solutions designed to support overall health and beauty. Natural Health Trends focuses on delivering scientifically formulated products through modern e-commerce channels and direct selling platforms.

Through its principal subsidiaries in the People’s Republic of China—including Shanghai NHTC Health Products Co, Ltd.