Functional Brands (NASDAQ:MEHA) Trading 2.1% Higher – Time to Buy?

Functional Brands Inc. (NASDAQ:MEHA)’s share price was up 2.1% during trading on Monday . The company traded as high as $0.22 and last traded at $0.2030. Approximately 598,258 shares traded hands during mid-day trading, a decline of 14% from the average daily volume of 696,142 shares. The stock had previously closed at $0.1988.

Analysts Set New Price Targets

MEHA has been the subject of a number of research analyst reports. Weiss Ratings began coverage on shares of Functional Brands in a research report on Monday, February 2nd. They set a “sell (e-)” rating for the company. Wall Street Zen upgraded shares of Functional Brands to a “hold” rating in a research report on Friday, November 21st. One investment analyst has rated the stock with a Sell rating, According to data from MarketBeat.com, the stock has an average rating of “Sell”.

Functional Brands Stock Performance

The company has a debt-to-equity ratio of 0.66, a current ratio of 0.74 and a quick ratio of 0.44. The firm has a 50 day simple moving average of $0.25. The company has a market capitalization of $3.31 million and a price-to-earnings ratio of 5.08.

Functional Brands (NASDAQ:MEHA) last announced its quarterly earnings results on Monday, December 15th. The company reported $0.04 earnings per share (EPS) for the quarter. The firm had revenue of $1.69 million for the quarter.

About Functional Brands

Our company operates in the nutraceutical supplement industry. We are a manufacturer and distributor of supplements in categories such as pain, energy, prenatal, general health, bone and joint, gastro, immunity, cardiac, detox, mental clarity & focus, sleep, prenatal and urinary. Our end markets focus on end-consumers through different channels that include pharmacies, US wholesalers, international distributors and direct-to-consumers sales. Our products are sold over the counter, and consumers do not need a prescription to purchase our products.