FitLife Brands (NASDAQ:FTLF) Trading Down 0.5% - Here's Why

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

Analyst Ratings Changes

Several research firms have recently weighed in on FTLF. Wall Street Zen cut FitLife Brands from a "buy" rating to a "hold" rating in a research note on Thursday, May 22nd. Lake Street Capital assumed coverage on FitLife Brands in a research report on Monday, March 17th. They issued a "buy" rating and a $21.00 target price for the company.

FitLife Brands Stock Performance

The firm has a market cap of $122.26 million, a P/E ratio of 15.50 and a beta of 0.76. 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 business's 50-day simple moving average is $14.12 and its 200 day simple moving average is $14.31.

FitLife Brands (NASDAQ:FTLF - Get Free Report) last released its quarterly earnings results on Thursday, May 15th. The company reported $0.20 earnings per share (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, equities analysts predict that FitLife Brands Inc. will post 0.94 earnings per share for the current year.

Insider Activity

In other FitLife Brands news, Director Matthew Lingenbrink acquired 3,000 shares of the stock in a transaction dated Monday, April 14th. The shares were purchased at an average price of $12.17 per share, for a total transaction of $36,510.00. Following the purchase, the director directly owned 5,800 shares of the company's stock, valued at approximately $70,586. This trade represents a 107.14% increase in their ownership of the stock. The acquisition was disclosed in a filing with the SEC, which is accessible through this link. 61.40% of the stock is currently owned by corporate insiders.

Institutional Trading of FitLife Brands

Several large investors have recently added to or reduced their stakes in the business. Geode Capital Management LLC increased its position in FitLife Brands by 4.7% in the fourth quarter. Geode Capital Management LLC now owns 23,202 shares of the company's stock worth $757,000 after buying an additional 1,045 shares in the last quarter. Northern Trust Corp bought a new position in shares of FitLife Brands during the 4th quarter valued at approximately $409,000. 683 Capital Management LLC purchased a new stake in FitLife Brands in the 4th quarter worth approximately $384,000. Mink Brook Asset Management LLC bought a new stake in FitLife Brands during the 4th quarter worth approximately $1,251,000. Finally, Bard Associates Inc. raised its stake in FitLife Brands by 239.5% during the 1st quarter. Bard Associates Inc. now owns 21,979 shares of the company's stock worth $266,000 after acquiring an additional 15,506 shares during the period. 2.32% of the stock is currently owned by institutional investors.

FitLife Brands Company Profile

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.