Functional Brands (NASDAQ:MEHA) Issues Quarterly Earnings Results

Functional Brands (NASDAQ:MEHA) issued its earnings results on Friday. The company reported ($0.36) earnings per share for the quarter, Zacks reports.

Functional Brands Price Performance

Shares of NASDAQ MEHA traded up $0.00 on Friday, hitting $0.09. The company’s stock had a trading volume of 5,124,796 shares, compared to its average volume of 57,463,052. Functional Brands has a 12-month low of $0.07 and a 12-month high of $8.00. The stock has a market cap of $1.88 million and a P/E ratio of 2.15. The company has a debt-to-equity ratio of 0.25, a current ratio of 0.90 and a quick ratio of 0.63. The company has a 50 day simple moving average of $0.14.

Analyst Upgrades and Downgrades

Separately, Weiss Ratings upgraded shares of Functional Brands from a “sell (e-)” rating to a “sell (e)” rating in a research report on Friday, May 1st. One investment analyst has rated the stock with a Sell rating, According to MarketBeat.com, Functional Brands currently has a consensus rating of “Sell”.

Institutional Trading of Functional Brands

A hedge fund recently bought a new stake in Functional Brands stock. Jane Street Group LLC purchased a new stake in Functional Brands Inc. (NASDAQ:MEHA) during the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor purchased 194,968 shares of the company’s stock, valued at approximately $37,000. Jane Street Group LLC owned approximately 1.19% of Functional Brands at the end of the most recent reporting period.

About Functional Brands

Our company operates in the nutraceutical supplement industry. We are a manufacturer and distributor of supplements in categories such as pain, energy, prenatal, general health, bone and joint, gastro, immunity, cardiac, detox, mental clarity & focus, sleep, prenatal and urinary. Our end markets focus on end-consumers through different channels that include pharmacies, US wholesalers, international distributors and direct-to-consumers sales. Our products are sold over the counter, and consumers do not need a prescription to purchase our products.