FitLife Brands (NASDAQ:FTLF) Cut to “Strong Sell” at Zacks Research

Zacks Research cut shares of FitLife Brands (NASDAQ:FTLF) from a hold rating to a strong sell rating in a report issued on Tuesday morning,Zacks.com reports.

Other equities research analysts also recently issued reports about the company. Weiss Ratings reiterated a “hold (c+)” rating on shares of FitLife Brands in a report on Monday, December 29th. Lake Street Capital lowered their target price on FitLife Brands from $21.00 to $18.00 and set a “buy” rating for the company in a report on Thursday, April 2nd. Two research analysts have rated the stock with a Buy rating, one has assigned a Hold rating and one has issued a Sell rating to the company’s stock. Based on data from MarketBeat, FitLife Brands presently has a consensus rating of “Hold” and a consensus target price of $21.50.

FitLife Brands Trading Down 0.6%

Shares of FTLF stock opened at $9.87 on Tuesday. The company has a current ratio of 1.53, a quick ratio of 0.54 and a debt-to-equity ratio of 0.88. The stock has a market cap of $92.68 million, a price-to-earnings ratio of 15.57 and a beta of 0.37. The stock has a 50-day moving average of $13.99 and a 200-day moving average of $16.52. FitLife Brands has a 1-year low of $9.37 and a 1-year high of $20.98.

Institutional Investors Weigh In On FitLife Brands

A number of hedge funds have recently added to or reduced their stakes in the company. Bard Associates Inc. grew its stake in FitLife Brands by 5.3% in the fourth quarter. Bard Associates Inc. now owns 17,594 shares of the company’s stock valued at $286,000 after acquiring an additional 893 shares during the period. Stifel Financial Corp acquired a new stake in FitLife Brands in the fourth quarter valued at approximately $657,000. Wells Fargo & Company MN grew its stake in FitLife Brands by 78.0% in the fourth quarter. Wells Fargo & Company MN now owns 4,271 shares of the company’s stock valued at $69,000 after acquiring an additional 1,871 shares during the period. Steward Partners Investment Advisory LLC grew its stake in FitLife Brands by 107.6% in the fourth quarter. Steward Partners Investment Advisory LLC now owns 3,478 shares of the company’s stock valued at $57,000 after acquiring an additional 1,803 shares during the period. Finally, O Shaughnessy Asset Management LLC acquired a new stake in FitLife Brands in the fourth quarter valued at approximately $263,000. Institutional investors and hedge funds 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.