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

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

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

FitLife Brands Price Performance

Shares of FitLife Brands stock opened at $8.00 on Wednesday. FitLife Brands has a twelve month low of $7.66 and a twelve month high of $19.60. The stock has a market capitalization of $75.12 million, a P/E ratio of 10.10 and a beta of 0.08. The company has a current ratio of 1.46, a quick ratio of 0.45 and a debt-to-equity ratio of 0.67. The business’s fifty day moving average price is $8.98 and its 200 day moving average price is $11.07.

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

About FitLife Brands

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.