Functional Brands (NASDAQ:MEHA) Releases Earnings Results

Functional Brands (NASDAQ:MEHA) posted its quarterly earnings results on Friday. The company reported ($0.36) earnings per share (EPS) for the quarter, Zacks reports.

Functional Brands Trading Up 0.4%

MEHA traded up $0.00 during trading on Friday, reaching $0.09. 5,124,796 shares of the company were exchanged, compared to its average volume of 57,463,052. The firm has a market capitalization of $1.88 million and a PE ratio of 2.15. The business’s 50 day moving average price is $0.14. The company has a debt-to-equity ratio of 0.25, a quick ratio of 0.63 and a current ratio of 0.90. Functional Brands has a 52 week low of $0.07 and a 52 week high of $8.00.

Institutional Inflows and Outflows

A hedge fund recently bought a new stake in Functional Brands stock. Jane Street Group LLC acquired a new position in shares of Functional Brands Inc. (NASDAQ:MEHA) in the fourth quarter, according to its most recent 13F filing with the SEC. The institutional investor acquired 194,968 shares of the company’s stock, valued at approximately $37,000. Jane Street Group LLC owned about 1.19% of Functional Brands at the end of the most recent reporting period.

Analyst Ratings Changes

Separately, Weiss Ratings upgraded shares of Functional Brands from a “sell (e-)” rating to a “sell (e)” rating in a research report on Friday, May 1st. One analyst has rated the stock with a Sell rating, Based on data from MarketBeat, the company currently has a consensus rating of “Sell”.

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.