FitLife Brands (NASDAQ:FTLF) Trading Down 0.8% – Here’s What Happened

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

Analysts Set New Price Targets

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

FitLife Brands Stock Down 4.4%

The stock has a market capitalization of $147.91 million, a price-to-earnings ratio of 27.63 and a beta of 0.45. The company has a quick ratio of 0.46, a current ratio of 1.13 and a debt-to-equity ratio of 0.77. The business’s 50-day moving average is $16.88 and its two-hundred day moving average is $17.17.

Institutional Investors Weigh In On FitLife Brands

A number of large investors have recently made changes to their positions in FTLF. Geode Capital Management LLC lifted its position in FitLife Brands by 101.4% during the second quarter. Geode Capital Management LLC now owns 90,746 shares of the company’s stock worth $1,182,000 after buying an additional 45,690 shares in the last quarter. New York State Common Retirement Fund acquired a new stake in shares of FitLife Brands in the 2nd quarter worth $103,000. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. purchased a new position in shares of FitLife Brands during the 2nd quarter worth $28,000. Bank of America Corp DE boosted its position in shares of FitLife Brands by 6,524.2% during 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 during the last quarter. Finally, Osaic Holdings Inc. grew 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 during the period. 2.32% of the stock is currently owned by hedge funds and other institutional investors.

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.