FitLife Brands (NASDAQ:FTLF) Trading Down 3.9% – What’s Next?

FitLife Brands Inc. (NASDAQ:FTLF) shares dropped 3.9% during trading on Monday . The company traded as low as $16.49 and last traded at $16.58. Approximately 9,828 shares changed hands during mid-day trading, a decline of 24% from the average daily volume of 13,000 shares. The stock had previously closed at $17.26.

Analyst Ratings Changes

Several brokerages recently weighed in on FTLF. Roth Capital lifted their price target on FitLife Brands from $20.00 to $25.00 and gave the company a “buy” rating in a research report on Friday, August 15th. Weiss Ratings reaffirmed a “hold (c+)” rating on shares of FitLife Brands in a research note on Monday, December 1st. Finally, Zacks Research lowered shares of FitLife Brands from a “strong-buy” rating to a “hold” rating in a report on Tuesday, November 4th. Two analysts have rated the stock with a Buy rating and two have issued a Hold rating to the stock. According to MarketBeat, the company has a consensus rating of “Moderate Buy” and an average price target of $23.00.

FitLife Brands Trading Down 3.9%

The firm has a market capitalization of $155.69 million, a price-to-earnings ratio of 29.09 and a beta of 0.43. The company has a debt-to-equity ratio of 0.77, a quick ratio of 0.46 and a current ratio of 1.13. The company has a 50 day moving average price of $18.86 and a two-hundred day moving average price of $16.62.

Hedge Funds Weigh In On FitLife Brands

Several hedge funds and other institutional investors have recently modified their holdings of FTLF. Mink Brook Asset Management LLC grew its stake in FitLife Brands by 100.0% during the 1st quarter. Mink Brook Asset Management LLC now owns 76,766 shares of the company’s stock valued at $929,000 after acquiring an additional 38,383 shares in the last quarter. Geode Capital Management LLC boosted its holdings in shares of 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. New York State Common Retirement Fund purchased a new stake in shares of FitLife Brands in the second quarter valued at approximately $103,000. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. purchased a new stake in shares of FitLife Brands in the second quarter valued at approximately $28,000. Finally, Bank of America Corp DE increased its holdings in shares of FitLife Brands by 6,524.2% in the second 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 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.