Nu Skin Enterprises (NYSE:NUS) Upgraded by StockNews.com to Buy Rating

StockNews.com upgraded shares of Nu Skin Enterprises (NYSE:NUS) from a hold rating to a buy rating in a report issued on Monday.

NUS has been the topic of several other reports. Citigroup reduced their price objective on Nu Skin Enterprises from $11.50 to $6.75 and set a “neutral” rating on the stock in a research note on Tuesday, October 22nd. DA Davidson decreased their price objective on shares of Nu Skin Enterprises from $12.50 to $11.00 and set a “neutral” rating for the company in a research note on Monday, August 12th.

Nu Skin Enterprises Stock Down 3.9 %

Shares of NYSE NUS opened at $7.19 on Monday. The company has a quick ratio of 1.20, a current ratio of 1.93 and a debt-to-equity ratio of 0.53. The stock has a market capitalization of $357.34 million, a PE ratio of -3.57 and a beta of 1.14. The firm has a fifty day moving average of $6.77 and a 200-day moving average of $9.77. Nu Skin Enterprises has a 52-week low of $5.95 and a 52-week high of $20.75.

Nu Skin Enterprises Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Wednesday, December 11th. Investors of record on Friday, November 29th will be issued a dividend of $0.06 per share. The ex-dividend date of this dividend is Friday, November 29th. This represents a $0.24 annualized dividend and a dividend yield of 3.34%. Nu Skin Enterprises’s payout ratio is currently -11.59%.

Institutional Trading of Nu Skin Enterprises

Large investors have recently bought and sold shares of the company. Paloma Partners Management Co acquired a new position in shares of Nu Skin Enterprises during the third quarter worth $273,000. Point72 Asia Singapore Pte. Ltd. acquired a new position in Nu Skin Enterprises in the 3rd quarter worth $557,000. PDT Partners LLC boosted its position in Nu Skin Enterprises by 312.0% in the 3rd quarter. PDT Partners LLC now owns 54,491 shares of the company’s stock valued at $402,000 after buying an additional 41,264 shares during the last quarter. Verition Fund Management LLC acquired a new stake in shares of Nu Skin Enterprises during the third quarter valued at about $581,000. Finally, Walleye Capital LLC increased its position in shares of Nu Skin Enterprises by 335.3% during the third quarter. Walleye Capital LLC now owns 289,236 shares of the company’s stock worth $2,132,000 after acquiring an additional 222,793 shares during the last quarter. Institutional investors and hedge funds own 82.84% of the company’s stock.

Nu Skin Enterprises Company Profile

Nu Skin Enterprises, Inc, together with its subsidiaries, engages in the development and distribution of various beauty and wellness products worldwide. It offers skin care devices, cosmetics, and other personal care products, including ageLOC LumiSpa and ageLOC LumiSpa iO; and nutricentials skin care products.