Functional Brands (NASDAQ:MEHA) Posts Earnings Results

Functional Brands (NASDAQ:MEHA) issued 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%

Shares of Functional Brands stock traded up $0.00 on Friday, reaching $0.09. 5,124,796 shares of the stock were exchanged, compared to its average volume of 57,463,052. The company has a debt-to-equity ratio of 0.25, a current ratio of 0.90 and a quick ratio of 0.63. The stock’s fifty day simple moving average is $0.14. Functional Brands has a 1-year low of $0.07 and a 1-year high of $8.00. The firm has a market capitalization of $1.88 million and a price-to-earnings ratio of 2.15.

Institutional Inflows and Outflows

A hedge fund recently bought a new stake in Functional Brands stock. Jane Street Group LLC bought a new position in shares of Functional Brands Inc. (NASDAQ:MEHA) during the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor bought 194,968 shares of the company’s stock, valued at approximately $37,000. Jane Street Group LLC owned 1.19% of Functional Brands at the end of the most recent quarter.

Wall Street Analysts Forecast Growth

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