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

Shares of FitLife Brands Inc. (NASDAQ:FTLF) were down 0.8% on Thursday . The company traded as low as $16.15 and last traded at $16.48. Approximately 14,485 shares were traded during mid-day trading, a decline of 5% from the average daily volume of 15,289 shares. The stock had previously closed at $16.61.

Analyst Ratings Changes

FTLF has been the subject of a number of analyst reports. Weiss Ratings reissued a “hold (c+)” rating on shares of FitLife Brands in a research note on Monday, December 29th. Zacks Research cut FitLife Brands from a “strong-buy” rating to a “hold” rating in a report on Tuesday, November 4th. Two equities research analysts have rated the stock with a Buy rating and two have given a Hold rating to the company’s stock. According to data from MarketBeat, the company has an average rating of “Moderate Buy” and an average price target of $23.00.

FitLife Brands Stock Performance

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

Institutional Trading of FitLife Brands

A number of hedge funds and other institutional investors have recently modified their holdings of FTLF. Geode Capital Management LLC boosted its stake in FitLife Brands by 101.4% during the second quarter. Geode Capital Management LLC now owns 90,746 shares of the company’s stock valued at $1,182,000 after buying an additional 45,690 shares in the last quarter. UBS Group AG grew its stake in shares of FitLife Brands by 592.7% in the 3rd quarter. UBS Group AG now owns 35,531 shares of the company’s stock worth $707,000 after purchasing an additional 30,402 shares during the last quarter. Bard Associates Inc. raised its holdings in shares of FitLife Brands by 3.5% in the 3rd quarter. Bard Associates Inc. now owns 16,701 shares of the company’s stock worth $332,000 after purchasing an additional 561 shares in the last quarter. New York State Common Retirement Fund acquired a new stake in FitLife Brands during the second quarter valued at approximately $103,000. Finally, Rhumbline Advisers boosted its holdings in FitLife Brands by 12.3% during the third quarter. Rhumbline Advisers now owns 5,870 shares of the company’s stock worth $117,000 after buying an additional 642 shares in the last quarter. Institutional investors own 2.32% of the company’s stock.

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.