Natural Health Trends (NASDAQ:NHTC) Stock Price Up 0.4% - Time to Buy?

Key Points

• Natural Health Trends Corp. shares traded up 0.4% to $4.64, with a trading volume increase of 20% from its average session.
• Wall Street Zen issued a "strong buy" rating for Natural Health Trends, reflecting positive sentiment among analysts.
• The company announced a quarterly dividend of $0.20, resulting in an annualized dividend yield of 17.2%, although its payout ratio is exceptionally high at 2,666.67%.

Natural Health Trends Corp. (NASDAQ:NHTC - Get Free Report) rose 0.4% during mid-day trading on Thursday . The company traded as high as $4.72 and last traded at $4.64. Approximately 15,177 shares were traded during mid-day trading, an increase of 20% from the average daily volume of 12,651 shares. The stock had previously closed at $4.62.

Analysts Set New Price Targets

Separately, Wall Street Zen initiated coverage on shares of Natural Health Trends in a research note on Thursday, May 22nd. They issued a "buy" rating for the company.

Natural Health Trends Stock Up 2.2%

The company has a market capitalization of $54.67 million, a PE ratio of 158.39 and a beta of 0.66. The company's 50 day moving average is $4.61 and its two-hundred day moving average is $4.85.

Natural Health Trends Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Friday, August 22nd. Investors of record on Tuesday, August 12th will be paid a dividend of $0.20 per share. This represents a $0.80 annualized dividend and a yield of 16.8%. The ex-dividend date of this dividend is Tuesday, August 12th. Natural Health Trends's dividend payout ratio (DPR) is presently 2,666.67%.

Hedge Funds Weigh In On Natural Health Trends

A hedge fund recently raised its stake in Natural Health Trends stock. Millennium Management LLC raised its holdings in shares of Natural Health Trends Corp. (NASDAQ:NHTC - Free Report) by 51.4% in the 4th quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 16,108 shares of the company's stock after purchasing an additional 5,467 shares during the quarter. Millennium Management LLC owned 0.14% of Natural Health Trends worth $74,000 as of its most recent filing with the Securities & Exchange Commission. Institutional investors 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.