FitLife Brands (NASDAQ:FTLF) Stock Price Down 2.2% – Here’s What Happened
by Sarita Garza · The Markets DailyFitLife Brands Inc. (NASDAQ:FTLF – Get Free Report) was down 2.2% during mid-day trading on Tuesday . The company traded as low as $16.10 and last traded at $16.10. Approximately 5,720 shares changed hands during trading, a decline of 51% from the average daily volume of 11,643 shares. The stock had previously closed at $16.46.
Wall Street Analyst Weigh In
A number of research analysts have recently commented on FTLF shares. Weiss Ratings reiterated a “hold (c+)” rating on shares of FitLife Brands in a report on Monday. Zacks Research lowered shares of FitLife Brands from a “strong-buy” rating to a “hold” rating in a research note on Tuesday, November 4th. Two investment analysts have rated the stock with a Buy rating and two have assigned a Hold rating to the company. Based on data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and an average price target of $23.00.
Read Our Latest Research Report on FTLF
FitLife Brands Price Performance
The company has a debt-to-equity ratio of 0.77, a current ratio of 1.13 and a quick ratio of 0.46. The firm has a market cap of $152.78 million, a price-to-earnings ratio of 28.54 and a beta of 0.43. The stock has a 50-day moving average price of $17.98 and a 200 day moving average price of $16.91.
Institutional Investors Weigh In On FitLife Brands
Several large investors have recently modified their holdings of the company. Geode Capital Management LLC increased its holdings in shares of FitLife Brands by 101.4% in the 2nd quarter. Geode Capital Management LLC now owns 90,746 shares of the company’s stock valued at $1,182,000 after acquiring an additional 45,690 shares during the period. UBS Group AG boosted its stake in FitLife Brands by 592.7% during the 3rd quarter. UBS Group AG now owns 35,531 shares of the company’s stock worth $707,000 after purchasing an additional 30,402 shares during the period. Bard Associates Inc. grew its position in FitLife Brands by 3.5% during the 3rd quarter. Bard Associates Inc. now owns 16,701 shares of the company’s stock worth $332,000 after purchasing an additional 561 shares during the last quarter. New York State Common Retirement Fund acquired a new position in FitLife Brands in the second quarter valued at $103,000. Finally, Rhumbline Advisers increased its stake in FitLife Brands by 12.3% in the third quarter. Rhumbline Advisers now owns 5,870 shares of the company’s stock valued at $117,000 after purchasing an additional 642 shares during the period. 2.32% of the stock is owned by institutional investors and hedge funds.
About FitLife Brands
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.