FitLife Brands (NASDAQ:FTLF) Shares Down 0.5% - Time to Sell?

FitLife Brands Inc. (NASDAQ:FTLF - Get Free Report) shares fell 0.5% on Wednesday . The company traded as low as $13.00 and last traded at $13.43. 14,068 shares changed hands during trading, a decline of 25% from the average session volume of 18,736 shares. The stock had previously closed at $13.50.

Analyst Upgrades and Downgrades

A number of equities analysts have commented on FTLF shares. Lake Street Capital started coverage on shares of FitLife Brands in a research note on Monday, March 17th. They set a "buy" rating and a $21.00 target price on the stock. Wall Street Zen downgraded shares of FitLife Brands from a "buy" rating to a "hold" rating in a research note on Thursday, May 22nd.

FitLife Brands Stock Down 1.8%

The company has a debt-to-equity ratio of 0.19, a current ratio of 1.64 and a quick ratio of 0.72. The business's 50 day simple moving average is $14.22 and its 200 day simple moving average is $14.35. The company has a market capitalization of $123.87 million, a PE ratio of 15.70 and a beta of 0.76.

FitLife Brands (NASDAQ:FTLF - Get Free Report) last issued its earnings results on Thursday, May 15th. The company reported $0.20 EPS for the quarter, missing analysts' consensus estimates of $0.24 by ($0.04). FitLife Brands had a return on equity of 25.59% and a net margin of 13.85%. As a group, analysts anticipate that FitLife Brands Inc. will post 0.94 earnings per share for the current fiscal year.

Insider Activity

In related news, Director Matthew Lingenbrink purchased 3,000 shares of FitLife Brands stock in a transaction dated Monday, April 14th. The shares were acquired at an average cost of $12.17 per share, with a total value of $36,510.00. Following the purchase, the director owned 5,800 shares of the company's stock, valued at approximately $70,586. The trade was a 107.14% increase in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website. Company insiders own 61.40% of the company's stock.

Institutional Investors Weigh In On FitLife Brands

Institutional investors and hedge funds have recently made changes to their positions in the stock. Bard Associates Inc. raised its stake in shares of FitLife Brands by 239.5% in the 1st quarter. Bard Associates Inc. now owns 21,979 shares of the company's stock valued at $266,000 after acquiring an additional 15,506 shares during the period. 683 Capital Management LLC purchased a new stake in shares of FitLife Brands in the 4th quarter valued at approximately $384,000. Northern Trust Corp purchased a new stake in shares of FitLife Brands in the 4th quarter valued at approximately $409,000. Geode Capital Management LLC raised its stake in shares of FitLife Brands by 4.7% in the 4th quarter. Geode Capital Management LLC now owns 23,202 shares of the company's stock valued at $757,000 after acquiring an additional 1,045 shares during the period. Finally, Mink Brook Asset Management LLC raised its stake in shares of FitLife Brands by 100.0% in the 1st quarter. Mink Brook Asset Management LLC now owns 76,766 shares of the company's stock valued at $929,000 after acquiring an additional 38,383 shares during the period. 2.32% of the stock is owned by hedge funds and other institutional investors.

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.