FitLife Brands (NASDAQ:FTLF) Cut to Hold at Zacks Research

Zacks Research downgraded shares of FitLife Brands (NASDAQ:FTLF) from a strong-buy rating to a hold rating in a research report report published on Wednesday morning,Zacks reports.

Separately, Weiss Ratings cut FitLife Brands from a “hold (c)” rating to a “hold (c-)” rating in a research note on Friday, October 2nd. One equities research analyst has rated the stock with a Buy rating and two have given a Hold rating to the stock. According to data from MarketBeat.com, FitLife Brands currently has a consensus rating of “Hold” and an average price target of $18.00.

FitLife Brands Price Performance

Shares of FTLF stock opened at $8.04 on Wednesday. The firm has a market capitalization of $75.50 million, a price-to-earnings ratio of 12.88 and a beta of 0.08. The firm has a fifty day moving average of $8.94 and a 200-day moving average of $11.03. The company has a quick ratio of 0.45, a current ratio of 1.46 and a debt-to-equity ratio of 0.67. FitLife Brands has a 12-month low of $7.66 and a 12-month high of $19.50.

FitLife Brands (NASDAQ:FTLF) last announced its earnings results on Thursday, August 13th. The company reported $0.20 earnings per share for the quarter, topping analysts’ consensus estimates of $0.18 by $0.02. FitLife Brands had a return on equity of 18.10% and a net margin of 6.15%. The firm had revenue of $26.55 million for the quarter. On average, equities research analysts forecast that FitLife Brands will post 0.87 earnings per share for the current year.

FitLife Brands Company Profile

FitLife Brands, Inc is a developer, marketer and distributor of nutritional supplements and related health products. The company focuses on products for sports nutrition, weight management, general wellness and active lifestyles, serving consumers seeking dietary supplements for performance, fitness and health support.

FitLife markets products through a portfolio of brands that has included NDS Nutrition, iSatori and PMD Sports, among others. Its offerings include protein and performance supplements, pre-workout and recovery formulas, weight-management products, vitamins and other specialty nutritional products.

The company sells its products primarily through e-commerce channels, specialty retailers, distributors and other direct-to-consumer outlets.