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

Zacks Research upgraded shares of FitLife Brands (NASDAQ:FTLF) from a strong sell rating to a hold rating in a research report report published on Tuesday morning,Zacks.com reports.

FTLF has been the topic of several other reports. Lake Street Capital dropped their target price on FitLife Brands from $21.00 to $18.00 and set a “buy” rating on the stock in a report on Thursday, April 2nd. Weiss Ratings cut FitLife Brands from a “hold (c)” rating to a “hold (c-)” rating in a report on Thursday, June 4th. Two investment analysts have rated the stock with a Buy rating and two have given a Hold rating to the company’s stock. Based on data from MarketBeat.com, FitLife Brands currently has an average rating of “Moderate Buy” and an average target price of $21.50.

FitLife Brands Stock Down 0.5%

Shares of FitLife Brands stock opened at $11.06 on Tuesday. FitLife Brands has a twelve month low of $8.67 and a twelve month high of $20.98. The stock has a market cap of $103.86 million, a price-to-earnings ratio of 18.31 and a beta of 0.01. The company has a current ratio of 1.52, a quick ratio of 0.49 and a debt-to-equity ratio of 0.78. The company has a fifty day moving average price of $10.61 and a 200 day moving average price of $12.57.

FitLife Brands (NASDAQ:FTLF) last released its quarterly earnings data on Thursday, May 14th. The company reported $0.17 EPS for the quarter, beating the consensus estimate of $0.14 by $0.03. FitLife Brands had a return on equity of 18.31% and a net margin of 6.64%.The company had revenue of $25.32 million for the quarter. Equities research analysts forecast that FitLife Brands will post 0.83 earnings per share for the current fiscal year.

Institutional Trading of FitLife Brands

A number of hedge funds and other institutional investors have recently modified their holdings of FTLF. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. acquired a new position in shares of FitLife Brands in the second quarter worth about $28,000. Bank of America Corp DE grew its stake in FitLife Brands by 6,524.2% during the 2nd quarter. Bank of America Corp DE now owns 2,186 shares of the company’s stock valued at $28,000 after purchasing an additional 2,153 shares in the last quarter. Steward Partners Investment Advisory LLC increased its holdings in FitLife Brands by 107.6% during the 4th quarter. Steward Partners Investment Advisory LLC now owns 3,478 shares of the company’s stock worth $57,000 after purchasing an additional 1,803 shares during the last quarter. Los Angeles Capital Management LLC purchased a new stake in FitLife Brands during the 4th quarter worth approximately $61,000. Finally, JPMorgan Chase & Co. raised its position in shares of FitLife Brands by 107.0% in the 3rd quarter. JPMorgan Chase & Co. now owns 3,819 shares of the company’s stock valued at $76,000 after purchasing an additional 1,974 shares in the last quarter. 2.32% of the stock is 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.