FitLife Brands (NASDAQ:FTLF) Lowered to Hold Rating by Zacks Research

FitLife Brands (NASDAQ:FTLF) was downgraded by equities research analysts at Zacks Research from a “strong-buy” rating to a “hold” rating in a research note issued to investors on Tuesday,Zacks.com reports.

Other equities analysts also recently issued reports about the company. Roth Capital boosted their price objective on FitLife Brands from $20.00 to $25.00 and gave the company a “buy” rating in a research report on Friday, August 15th. Weiss Ratings reiterated a “hold (c+)” rating on shares of FitLife Brands in a research report on Wednesday, October 8th. Two equities research analysts have rated the stock with a Buy rating and two have assigned a Hold rating to the company. According to data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and an average target price of $23.00.

FitLife Brands Stock Performance

NASDAQ:FTLF opened at $19.60 on Tuesday. The stock has a 50-day simple moving average of $19.15 and a two-hundred day simple moving average of $16.05. FitLife Brands has a 52-week low of $9.83 and a 52-week high of $20.98. The company has a debt-to-equity ratio of 0.15, a quick ratio of 0.81 and a current ratio of 1.71. The firm has a market capitalization of $184.04 million, a PE ratio of 31.61 and a beta of 0.64.

FitLife Brands (NASDAQ:FTLF) last announced its quarterly earnings data on Thursday, August 14th. The company reported $0.18 EPS for the quarter, meeting the consensus estimate of $0.18. FitLife Brands had a return on equity of 21.70% and a net margin of 12.63%.The business had revenue of $16.13 million for the quarter, compared to the consensus estimate of $16.17 million. Analysts forecast that FitLife Brands will post 0.94 EPS for the current year.

Institutional Investors Weigh In On FitLife Brands

Hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. Geode Capital Management LLC lifted its holdings in FitLife Brands by 101.4% during the second quarter. Geode Capital Management LLC now owns 90,746 shares of the company’s stock worth $1,182,000 after buying an additional 45,690 shares during the period. Mink Brook Asset Management LLC lifted its holdings in shares of FitLife Brands by 100.0% during the 1st quarter. Mink Brook Asset Management LLC now owns 76,766 shares of the company’s stock valued at $929,000 after purchasing an additional 38,383 shares during the last quarter. Bard Associates Inc. lifted its holdings in shares of FitLife Brands by 239.5% during the 1st quarter. Bard Associates Inc. now owns 21,979 shares of the company’s stock valued at $266,000 after purchasing an additional 15,506 shares during the last quarter. New York State Common Retirement Fund purchased a new stake in shares of FitLife Brands during the 2nd quarter valued at $103,000. Finally, Osaic Holdings Inc. lifted its holdings in shares of FitLife Brands by 119.2% during the 2nd quarter. Osaic Holdings Inc. now owns 4,414 shares of the company’s stock valued at $57,000 after purchasing an additional 2,400 shares during the last quarter. 2.32% of the stock is currently owned by hedge funds and other institutional investors.

FitLife Brands Company Profile

FitLife Brands, Inc provides nutritional supplements for health-conscious consumers in the United States and internationally. The company provides weight loss, sports nutrition, and general health products; sports nutrition products; weight loss and sports nutrition products; sports nutrition and general wellness formulations with an emphasis on natural, vegan, and organic ingredients; and male health and weight loss products, as well as other diet, health, and sports nutrition supplements and related products; and value-oriented sports nutrition and weight loss products.