GNC Holdings, Inc. (NYSE:GNC) spotted trading -52.63% off 52-week high price. On the other end, the stock has been noted 46.13% away from the low price over the last 52-weeks. The stock changed -3.65% to recent value of $3.96. The stock transacted 1202104 shares during most recent day however it has an average volume of 2014.13K shares. The company has 83.25M of outstanding shares and 81.91M shares were floated in the market.
GNC Holdings, Inc. (NYSE: GNC), a leading specialty health, wellness, and performance brand, announced the launch and global exclusivity of TamaFlex, a potent botanical blend proven effective in improving joint health. The ingredient will be featured in three newly introduced products: TamaFlex, TamaFlex Fast Acting, and TamaFlex Complete.
“With TamaFlex, we are bringing innovation to a category that has otherwise been stagnant for nearly a decade,” said Ken Martindale, chairman and CEO of GNC. “This launch positions GNC to tap into a $725 million domestic market, as well as drive new revenue streams and customer acquisitions across all channels.”
The traditional joint health market, has seen single digit declines year-over-year for more than ten years, and the market has been increasingly shifting toward more natural ingredients. For example, sales of turmeric-based supplements for joint health and inflammation have grown nearly $60 million over the past five years.
TamaFlex has clinically proven benefits, offering consumers a noticeable improvement in their level of joint discomfort. The ingredient combines two natural herbal botanicals, turmeric and tamarind seeds, is non-GMO, and contains no artificial colors or flavors.
Its earnings per share (EPS) expected to touch remained 15.60% for this year. GNC has a gross margin of 33.00% and an operating margin of -11.10% while its profit margin remained -7.10% for the last 12 months.
According to the most recent quarter its current ratio was 1.5 that represents company’s ability to meet its current financial obligations. The price moved ahead of -2.20% from the mean of 20 days, 14.58% from mean of 50 days SMA and performed 7.09% from mean of 200 days price. Company’s performance for the week was -0.25%, 8.49% for month and YTD performance remained 7.32%.