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

Investment analysts at StockNews.com started coverage on shares of Natural Health Trends (NASDAQ:NHTC) in a report released on Wednesday. The brokerage set a “buy” rating on the stock.

Natural Health Trends Stock Performance

NHTC stock opened at $5.49 on Wednesday. The company has a fifty day moving average price of $5.95 and a 200-day moving average price of $6.58. Natural Health Trends has a 52-week low of $5.26 and a 52-week high of $7.40. The company has a market capitalization of $63.21 million, a P/E ratio of 78.43 and a beta of 0.91.

Hedge Funds Weigh In On Natural Health Trends

A number of institutional investors and hedge funds have recently modified their holdings of the business. PSI Advisors LLC bought a new position in shares of Natural Health Trends during the 2nd quarter worth about $29,000. Bay Colony Advisory Group Inc d b a Bay Colony Advisors raised its position in shares of Natural Health Trends by 37.6% during the second 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 purchasing an additional 5,359 shares during the period. Finally, Geode Capital Management LLC lifted 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 purchasing an additional 5,624 shares in the last quarter. 10.13% of the stock is currently owned by institutional investors.

Natural Health Trends Company Profile

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.