FitLife Brands (NASDAQ:FTLF) Issues Quarterly Earnings Results, Meets Estimates

Key Points

• FitLife Brands reported $0.18 earnings per share (EPS) for the quarter, meeting analysts' estimates.
• The company has a return on equity of 25.59% and a net margin of 13.85%, indicating strong performance metrics.
• Wall Street Zen downgraded FitLife Brands from a "buy" rating to a "hold" rating in recent analysis.

FitLife Brands (NASDAQ:FTLF - Get Free Report) issued its quarterly earnings results on Thursday. The company reported $0.18 earnings per share (EPS) for the quarter, meeting the consensus estimate of $0.18, Zacks reports. FitLife Brands had a return on equity of 25.59% and a net margin of 13.85%.

FitLife Brands Price Performance

NASDAQ FTLF traded down $0.07 during trading on Thursday, reaching $16.15. 15,648 shares of the company traded hands, compared to its average volume of 21,609. The company has a debt-to-equity ratio of 0.19, a quick ratio of 0.72 and a current ratio of 1.64. The stock's 50 day moving average price is $13.68 and its two-hundred day moving average price is $13.98. The company has a market cap of $151.65 million, a price-to-earnings ratio of 19.23 and a beta of 0.79. FitLife Brands has a 1-year low of $9.83 and a 1-year high of $17.75.

Analyst Ratings Changes

Separately, Wall Street Zen lowered FitLife Brands from a "buy" rating to a "hold" rating in a research note on Thursday, May 22nd.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently modified their holdings of the business. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. bought a new stake in shares of FitLife Brands during the 2nd quarter valued at $28,000. New York State Common Retirement Fund bought a new stake in shares of FitLife Brands during the 2nd quarter valued at $103,000. Finally, Geode Capital Management LLC raised its position in shares of FitLife Brands by 101.4% during the 2nd quarter. Geode Capital Management LLC now owns 90,746 shares of the company's stock valued at $1,182,000 after acquiring an additional 45,690 shares during the last quarter. 2.32% of the stock is owned by institutional investors and hedge funds.

About FitLife Brands

FitLife Brands, Inc provides nutritional supplements for health-conscious consumers in the United States and internationally. The company provides weight loss, sports nutrition, and general health products; sports nutrition products; weight loss and sports nutrition products; sports nutrition and general wellness formulations with an emphasis on natural, vegan, and organic ingredients; and male health and weight loss products, as well as other diet, health, and sports nutrition supplements and related products; and value-oriented sports nutrition and weight loss products.

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