FitLife Brands (NASDAQ:FTLF) Trading Up 0.2% – Still a Buy?

FitLife Brands Inc. (NASDAQ:FTLF) shares traded up 0.2% during mid-day trading on Monday . The stock traded as high as $20.15 and last traded at $19.91. 21,550 shares were traded during trading, an increase of 33% from the average session volume of 16,226 shares. The stock had previously closed at $19.88.

Analyst Upgrades and Downgrades

Several equities analysts have issued reports on the stock. Zacks Research upgraded shares of FitLife Brands from a “strong sell” rating to a “hold” rating in a research note on Thursday, September 4th. Roth Capital upped their target price on shares of FitLife Brands from $20.00 to $25.00 and gave the company a “buy” rating in a research note on Friday, August 15th. Two equities research analysts have rated the stock with a Buy rating and one has assigned a Hold rating to the company. According to MarketBeat.com, the company presently has an average rating of “Moderate Buy” and a consensus price target of $23.00.

FitLife Brands Stock Performance

The stock has a market cap of $186.95 million, a P/E ratio of 23.70 and a beta of 0.64. 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 firm’s 50-day moving average price is $16.82 and its 200-day moving average price is $14.71.

FitLife Brands (NASDAQ:FTLF) last released its quarterly earnings data on Thursday, August 14th. The company reported $0.18 earnings per share (EPS) for the quarter, meeting 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 for the quarter, compared to analysts’ expectations of $16.17 million. Sell-side analysts expect that FitLife Brands Inc. will post 0.94 earnings per share for the current fiscal year.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently bought and sold shares of FTLF. Bard Associates Inc. lifted its position in shares of FitLife Brands by 239.5% during the first 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. Mink Brook Asset Management LLC lifted its position in shares of FitLife Brands by 100.0% during the first quarter. Mink Brook Asset Management LLC now owns 76,766 shares of the company’s stock worth $929,000 after purchasing an additional 38,383 shares during the last quarter. Geode Capital Management LLC lifted its position in shares of FitLife Brands by 101.4% during the second 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. New York State Common Retirement Fund bought a new stake in shares of FitLife Brands during the second quarter worth $103,000. Finally, Osaic Holdings Inc. lifted its position in shares of FitLife Brands by 119.2% during the second quarter. Osaic Holdings Inc. now owns 4,414 shares of the company’s stock worth $57,000 after purchasing an additional 2,400 shares during 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.