Zacks Research Upgrades FitLife Brands (NASDAQ:FTLF) to Strong-Buy

Key Points

• Zacks Research upgraded FitLife Brands from “hold” to “strong buy,” while Weiss Ratings lowered its assessment from “hold (c)” to “hold (c-).” Analysts’ average rating is “Buy,” with a consensus price target of $18.
• FitLife Brands reported quarterly EPS of $0.20, exceeding the $0.18 consensus estimate, on revenue of $26.55 million. The company posted a 6.15% net margin and 18.10% return on equity.
• The stock opened at $9.23, with a market capitalization of approximately $86.7 million, while institutional investors own just 2.32% of outstanding shares; Bard Associates increased its stake by 5.3%.

FitLife Brands (NASDAQ:FTLF - Get Free Report) was upgraded by analysts at Zacks Research from a "hold" rating to a "strong-buy" rating in a research report issued on Tuesday, Zacks reports.

Separately, Weiss Ratings cut shares of FitLife Brands from a "hold (c)" rating to a "hold (c-)" rating in a research report 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 given a Hold rating to the company's stock. According to MarketBeat, the company currently has an average rating of "Buy" and a consensus price target of $18.00.

FitLife Brands Stock Up 2.3%

FTLF stock opened at $9.23 on Tuesday. The company's 50 day moving average is $9.71 and its 200 day moving average is $10.28. The stock has a market cap of $86.67 million, a price-to-earnings ratio of 14.79 and a beta of 0.06. The company has a current ratio of 1.46, a quick ratio of 0.45 and a debt-to-equity ratio of 0.67. FitLife Brands has a 1-year low of $8.67 and a 1-year high of $20.98.

FitLife Brands (NASDAQ:FTLF - Get Free Report) last announced its earnings results 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 business had revenue of $26.55 million during the quarter. Sell-side analysts predict that FitLife Brands will post 0.87 EPS for the current fiscal year.

Institutional Trading of FitLife Brands

An institutional investor recently raised its stake in FitLife Brands stock. Bard Associates Inc. raised its holdings in shares of FitLife Brands Inc. (NASDAQ:FTLF - Free Report) by 5.3% during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 17,594 shares of the company's stock after acquiring an additional 893 shares during the period. Bard Associates Inc. owned about 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.

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.

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