FitLife Brands (NASDAQ:FTLF) Upgraded at Zacks Research

Zacks Research upgraded shares of FitLife Brands (NASDAQ:FTLF) from a hold rating to a strong-buy rating in a research note released on Tuesday morning,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 equities research analyst has rated the stock with a Strong Buy rating, one has given a Buy rating and one has given a Hold rating to the company’s stock. According to data from MarketBeat, the stock has an average rating of “Buy” and an average target price of $18.00.

FitLife Brands Stock Performance

NASDAQ:FTLF opened at $8.70 on Tuesday. The firm’s fifty day moving average price is $9.69 and its 200 day moving average price is $10.26. FitLife Brands has a 1-year low of $8.50 and a 1-year high of $20.98. 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 firm has a market cap of $81.69 million, a price-to-earnings ratio of 13.94 and a beta of 0.06.

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

Institutional Investors Weigh In On FitLife Brands

An institutional investor recently raised its stake in FitLife Brands stock. Bard Associates Inc. increased its stake in FitLife Brands Inc. (NASDAQ:FTLF) by 5.3% in the fourth quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 17,594 shares of the company’s stock after purchasing 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 quarter. Hedge funds and other institutional investors own 2.32% of the company’s stock.

FitLife Brands Company Profile

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.