FitLife Brands (NASDAQ:FTLF) Trading Down 2.2% – Should You Sell?

FitLife Brands Inc. (NASDAQ:FTLF)’s share price traded down 2.2% during trading on Tuesday . The company traded as low as $16.10 and last traded at $16.10. 5,720 shares changed hands during mid-day trading, a decline of 51% from the average session volume of 11,643 shares. The stock had previously closed at $16.46.

Analyst Ratings Changes

A number of research firms have issued reports on FTLF. Zacks Research lowered FitLife Brands from a “strong-buy” rating to a “hold” rating in a report on Tuesday, November 4th. Weiss Ratings restated a “hold (c+)” rating on shares of FitLife Brands in a research note on Monday. Two investment analysts have rated the stock with a Buy rating and two have issued a Hold rating to the stock. Based on data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and a consensus price target of $23.00.

FitLife Brands Stock Down 2.2%

The firm has a market capitalization of $151.18 million, a price-to-earnings ratio of 28.25 and a beta of 0.43. The firm has a fifty day moving average price of $18.03 and a 200 day moving average price of $16.91. The company has a current ratio of 1.13, a quick ratio of 0.46 and a debt-to-equity ratio of 0.77.

Institutional Inflows and Outflows

A number of institutional investors have recently made changes to their positions in the business. Bank of America Corp DE increased its position in FitLife Brands by 6,524.2% in the 2nd quarter. Bank of America Corp DE now owns 2,186 shares of the company’s stock valued at $28,000 after acquiring an additional 2,153 shares in the last quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. bought a new stake in shares of FitLife Brands during the second quarter valued at approximately $28,000. Osaic Holdings Inc. increased its holdings in shares of FitLife Brands by 119.2% in the second quarter. Osaic Holdings Inc. now owns 4,414 shares of the company’s stock valued at $57,000 after purchasing an additional 2,400 shares in the last quarter. JPMorgan Chase & Co. raised its position in FitLife Brands by 107.0% in the 3rd quarter. JPMorgan Chase & Co. now owns 3,819 shares of the company’s stock worth $76,000 after purchasing an additional 1,974 shares during the last quarter. Finally, New York State Common Retirement Fund acquired a new position in FitLife Brands during the 2nd quarter worth $103,000. 2.32% of the stock is owned by institutional investors.

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.