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

Shares of FitLife Brands Inc. (NASDAQ:FTLF - Get Free Report) fell 0.5% during mid-day trading on Wednesday . The stock 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.

Wall Street Analyst Weigh In

Several brokerages have issued reports on FTLF. Wall Street Zen lowered FitLife Brands from a "buy" rating to a "hold" rating in a report on Thursday, May 22nd. Lake Street Capital initiated coverage on FitLife Brands in a report on Monday, March 17th. They set a "buy" rating and a $21.00 price target on the stock.

FitLife Brands Price Performance

The company's 50 day moving average price is $14.18 and its 200-day moving average price is $14.33. The company has a market capitalization of $122.96 million, a PE ratio of 15.59 and a beta of 0.76. The company has a current ratio of 1.64, a quick ratio of 0.72 and a debt-to-equity ratio of 0.19.

FitLife Brands (NASDAQ:FTLF - Get Free Report) last issued its quarterly earnings data 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%. On average, sell-side analysts forecast that FitLife Brands Inc. will post 0.94 earnings per share for the current fiscal year.

Insider Activity at FitLife Brands

In related news, Director Matthew Lingenbrink acquired 3,000 shares of the stock in a transaction that occurred on Monday, April 14th. The shares were acquired at an average price of $12.17 per share, for a total transaction of $36,510.00. Following the completion of the purchase, the director directly owned 5,800 shares of the company's stock, valued at $70,586. The trade was a 107.14% increase in their ownership of the stock. The purchase was disclosed in a legal filing with the SEC, which is available through the SEC website. Insiders own 61.40% of the company's stock.

Institutional Trading of FitLife Brands

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