FitLife Brands (NASDAQ:FTLF) Raised to “Strong-Buy” at Zacks Research

FitLife Brands (NASDAQ:FTLF) was upgraded by equities researchers at Zacks Research from a “hold” rating to a “strong-buy” rating in a research report issued on Tuesday, Zacks reports.

Separately, Weiss Ratings lowered shares of FitLife Brands from a “hold (c)” rating to a “hold (c-)” rating in a research note on Friday, October 2nd. One investment analyst has rated the stock with a Strong Buy rating, one has given a Buy rating and one has assigned a Hold rating to the stock. According to MarketBeat, the stock has an average rating of “Buy” and an average price target of $18.00.

FitLife Brands Trading Up 2.3%

FTLF stock opened at $9.23 on Tuesday. The company has a debt-to-equity ratio of 0.67, a current ratio of 1.46 and a quick ratio of 0.45. The company has a fifty day moving average price of $9.71 and a two-hundred day moving average price of $10.28. FitLife Brands has a one year low of $8.67 and a one year high of $20.98. The stock has a market cap of $86.67 million, a price-to-earnings ratio of 14.79 and a beta of 0.06.

FitLife Brands (NASDAQ:FTLF) last released its quarterly earnings data on Thursday, August 13th. The company reported $0.20 EPS for the quarter, beating the consensus estimate of $0.18 by $0.02. The firm had revenue of $26.55 million for the quarter. FitLife Brands had a net margin of 6.15% and a return on equity of 18.10%. Equities analysts anticipate that FitLife Brands will post 0.87 EPS for the current year.

Institutional Trading of FitLife Brands

An institutional investor recently raised its stake in FitLife Brands stock. Bard Associates Inc. raised its position in FitLife Brands Inc. (NASDAQ:FTLF) by 5.3% during the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 17,594 shares of the company’s stock after buying an additional 893 shares during the quarter. Bard Associates Inc. owned 0.19% of FitLife Brands worth $286,000 at the end of the most recent reporting period. Institutional investors own 2.32% of the company’s stock.

About FitLife Brands

FitLife Brands, Inc is a developer, manufacturer and marketer of nutritional supplements. The company focuses on products intended to support sports performance, weight management, energy, recovery and general health, serving consumers through a portfolio of branded dietary supplements.

FitLife’s product portfolio has included brands such as NDS Nutrition, PMD Sports, iSatori and Muscle Elements. Its offerings include powders, capsules, tablets and other supplement formats marketed to athletes, fitness enthusiasts and consumers seeking wellness and nutrition products.

The company sells its products through e-commerce channels, specialty retailers, gyms and other distributors.