FitLife Brands (NASDAQ:FTLF) Shares Down 0.8% – What’s Next?

FitLife Brands Inc. (NASDAQ:FTLF) fell 0.8% during trading on Thursday . The company traded as low as $16.15 and last traded at $16.48. 14,485 shares changed hands during trading, a decline of 5% from the average session volume of 15,289 shares. The stock had previously closed at $16.61.

Analyst Ratings Changes

Several equities research analysts have recently weighed in on the stock. Weiss Ratings reissued a “hold (c+)” rating on shares of FitLife Brands in a research report on Monday, December 29th. Zacks Research downgraded FitLife Brands from a “strong-buy” rating to a “hold” rating in a research note on Tuesday, November 4th. Two research analysts have rated the stock with a Buy rating and two have issued a Hold rating to the company. Based on data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and a consensus target price of $23.00.

FitLife Brands Stock Performance

The stock’s 50-day moving average price is $16.92 and its 200-day moving average price is $17.15. The company has a current ratio of 1.13, a quick ratio of 0.46 and a debt-to-equity ratio of 0.77. The company has a market capitalization of $154.75 million, a P/E ratio of 28.91 and a beta of 0.45.

Institutional Trading of FitLife Brands

A number of institutional investors and hedge funds have recently made changes to their positions in FTLF. Geode Capital Management LLC lifted 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 worth $1,182,000 after purchasing an additional 45,690 shares during the last quarter. New York State Common Retirement Fund bought a new position in FitLife Brands during the 2nd quarter worth $103,000. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. bought a new stake in FitLife Brands in the second quarter valued at $28,000. Bank of America Corp DE lifted its stake in 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 buying an additional 2,153 shares during the last quarter. Finally, Osaic Holdings Inc. boosted its holdings 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 valued at $57,000 after acquiring an additional 2,400 shares during the period. 2.32% of the stock is currently 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.