Youngevity International (YGYI) Sees Strong Trading Volume After Analyst Upgrade

Youngevity International Inc (NASDAQ:YGYI) shares saw strong trading volume on Wednesday after Benchmark raised their price target on the stock from $9.00 to $14.00. Benchmark currently has a buy rating on the stock. 2,572,093 shares were traded during trading, an increase of 746% from the previous session’s volume of 303,960 shares.The stock last traded at $8.06 and had previously closed at $7.27.

Separately, ValuEngine upgraded shares of Youngevity International from a “hold” rating to a “buy” rating in a research report on Monday, February 4th.

A number of hedge funds have recently added to or reduced their stakes in YGYI. Granite Investment Partners LLC acquired a new position in Youngevity International during the 4th quarter worth approximately $330,000. Geode Capital Management LLC acquired a new position in Youngevity International in the 4th quarter valued at approximately $256,000. Raymond James Financial Services Advisors Inc. acquired a new position in Youngevity International in the 4th quarter valued at approximately $164,000. Vanguard Group Inc increased its position in Youngevity International by 128.8% in the 3rd quarter. Vanguard Group Inc now owns 40,678 shares of the company’s stock valued at $274,000 after acquiring an additional 22,896 shares during the period. Finally, Vanguard Group Inc. increased its position in Youngevity International by 128.8% in the 3rd quarter. Vanguard Group Inc. now owns 40,678 shares of the company’s stock valued at $274,000 after acquiring an additional 22,896 shares during the period. Institutional investors and hedge funds own 0.38% of the company’s stock.

The company has a current ratio of 0.79, a quick ratio of 0.29 and a debt-to-equity ratio of 1.62.

Youngevity International (NASDAQ:YGYI) last announced its quarterly earnings results on Tuesday, November 13th. The company reported ($0.46) earnings per share (EPS) for the quarter, missing the Thomson Reuters’ consensus estimate of ($0.08) by ($0.38). Youngevity International had a negative net margin of 10.85% and a negative return on equity of 150.83%. The business had revenue of $39.08 million during the quarter.

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Youngevity International Company Profile (NASDAQ:YGYI)

Youngevity International, Inc develops and distributes health and nutrition related products and services through independent direct selling network in the United States and internationally. It operates in two segments, Direct Selling and Commercial Coffee. The company offers approximately 5,500 products, including nutritional, vitamin, mineral, herbal, liquid, and dietary supplements; apparel; fashion and jewelry accessories; digital products; and packaged foods.

Read More: Price-Sales Ratio

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