FitLife Brands (NASDAQ:FTLF) Stock Price Up 18.4% - Still a Buy?

Key Points

• FitLife Brands' stock surged 18.4% during trading, reaching a high of $16.20, driven by a significant increase in trading volume compared to its average.
• Despite the stock's rise, Wall Street Zen downgraded FitLife Brands from a "buy" to a "hold" rating on May 22nd, highlighting potential concerns regarding the company's performance.
• The company reported a quarterly earnings miss with EPS at $0.20, falling short of the $0.24 consensus estimate, while institutional investors have shown increasing interest in acquiring shares.

FitLife Brands Inc. (NASDAQ:FTLF - Get Free Report) shares were up 18.4% during trading on Tuesday . The company traded as high as $16.20 and last traded at $15.45. Approximately 124,639 shares traded hands during mid-day trading, an increase of 614% from the average daily volume of 17,460 shares. The stock had previously closed at $13.05.

Analyst Upgrades and Downgrades

Separately, Wall Street Zen cut shares of FitLife Brands from a "buy" rating to a "hold" rating in a research report on Thursday, May 22nd.

FitLife Brands Stock Performance

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 is $13.55 and its 200 day moving average is $13.98. The firm has a market cap of $136.34 million, a P/E ratio of 17.29 and a beta of 0.79.

FitLife Brands (NASDAQ:FTLF - Get Free Report) last released its 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%. On average, research analysts predict that FitLife Brands Inc. will post 0.94 earnings per share for the current year.

Hedge Funds Weigh In On FitLife Brands

Large investors have recently added to or reduced their stakes in the company. Northern Trust Corp bought a new position in FitLife Brands during the 4th quarter worth about $409,000. Mink Brook Asset Management LLC bought a new position in FitLife Brands during the 4th quarter worth about $1,251,000. Bard Associates Inc. increased its holdings 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 purchasing an additional 15,506 shares in the last quarter. Geode Capital Management LLC increased its holdings in FitLife Brands by 101.4% during the 2nd quarter. Geode Capital Management LLC now owns 90,746 shares of the company's stock worth $1,182,000 after purchasing an additional 45,690 shares in the last quarter. Finally, 683 Capital Management LLC bought a new position in FitLife Brands during the 4th quarter worth about $384,000. Institutional investors own 2.32% of the company's stock.

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.