FitLife Brands (NASDAQ:FTLF) Upgraded at Zacks Research

Zacks Research upgraded shares of FitLife Brands (NASDAQ:FTLF) from a strong sell rating to a hold rating in a research note issued to investors on Thursday morning,Zacks.com reports.

FTLF has been the subject of several other research reports. Roth Capital upped their price target on shares of FitLife Brands from $20.00 to $25.00 and gave the stock a “buy” rating in a research report on Friday, August 15th. Wall Street Zen cut shares of FitLife Brands from a “buy” rating to a “hold” rating in a research report on Thursday, May 22nd. Two equities research analysts have rated the stock with a Buy rating and one has issued a Hold rating to the stock. According to MarketBeat, FitLife Brands presently has an average rating of “Moderate Buy” and a consensus target price of $23.00.

FitLife Brands Price Performance

Shares of FTLF stock opened at $18.73 on Thursday. The company has a debt-to-equity ratio of 0.15, a current ratio of 1.71 and a quick ratio of 0.81. The company has a market capitalization of $175.89 million, a P/E ratio of 22.30 and a beta of 0.65. The company’s 50-day simple moving average is $15.04 and its two-hundred day simple moving average is $14.24. FitLife Brands has a one year low of $9.83 and a one year high of $19.20.

FitLife Brands (NASDAQ:FTLF) last announced its quarterly earnings results on Thursday, August 14th. The company reported $0.18 earnings per share for the quarter, hitting the consensus estimate of $0.18. FitLife Brands had a net margin of 12.63% and a return on equity of 21.70%. The firm had revenue of $16.13 million during the quarter, compared to analysts’ expectations of $16.17 million. As a group, equities analysts anticipate that FitLife Brands will post 0.94 EPS for the current year.

Institutional Inflows and Outflows

Several large investors have recently modified their holdings of FTLF. Geode Capital Management LLC grew its position in FitLife Brands by 101.4% during the 2nd quarter. Geode Capital Management LLC now owns 90,746 shares of the company’s stock worth $1,182,000 after purchasing an additional 45,690 shares during the last quarter. Mink Brook Asset Management LLC purchased a new stake in FitLife Brands during the 4th quarter worth approximately $1,251,000. Bard Associates Inc. grew its position in FitLife Brands by 239.5% during the 1st quarter. Bard Associates Inc. now owns 21,979 shares of the company’s stock worth $266,000 after purchasing an additional 15,506 shares during the last quarter. Northern Trust Corp purchased a new stake in FitLife Brands during the 4th quarter worth approximately $409,000. Finally, New York State Common Retirement Fund purchased a new stake in FitLife Brands during the 2nd quarter worth approximately $103,000. Institutional investors own 2.32% of the company’s stock.

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.