Zacks Research Downgrades FitLife Brands (NASDAQ:FTLF) to Strong Sell

Key Points

• Zacks Research downgraded FitLife Brands (NASDAQ: FTLF) from a "Hold" rating to a "Strong Sell" in a report issued Tuesday.
• Analyst coverage is mixed — two Buys, one Hold and one Sell — leaving an average MarketBeat consensus rating of Hold and an average price target of $21.50, which is well above the current share price near $9.93.
• Key fundamentals: market cap about $93.2M, PE ~15.8, low liquidity (quick ratio 0.46, current ratio 1.13), debt/equity 0.77, and only 2.32% institutional ownership, indicating limited institutional support.

FitLife Brands (NASDAQ:FTLF - Get Free Report) was downgraded by Zacks Research from a "hold" rating to a "strong sell" rating in a research report issued to clients and investors on Tuesday,Zacks.com reports.

A number of other research firms have also weighed in on FTLF. Weiss Ratings restated a "hold (c+)" rating on shares of FitLife Brands in a report on Monday, December 29th. Lake Street Capital dropped their price target on FitLife Brands from $21.00 to $18.00 and set a "buy" rating on the stock in a report on Thursday, April 2nd. Two equities research analysts have rated the stock with a Buy rating, one has given a Hold rating and one has issued a Sell rating to the stock. According to data from MarketBeat, the company currently has an average rating of "Hold" and an average target price of $21.50.

FitLife Brands Stock Up 1.3%

FTLF stock opened at $9.93 on Tuesday. FitLife Brands has a twelve month low of $9.37 and a twelve month high of $20.98. The company has a quick ratio of 0.46, a current ratio of 1.13 and a debt-to-equity ratio of 0.77. The stock's 50 day moving average is $14.11 and its 200-day moving average is $16.57. The firm has a market capitalization of $93.24 million, a PE ratio of 15.76 and a beta of 0.37.

Institutional Trading of FitLife Brands

A number of hedge funds have recently bought and sold shares of the business. Bard Associates Inc. lifted its holdings in FitLife Brands by 5.3% during the fourth quarter. Bard Associates Inc. now owns 17,594 shares of the company's stock worth $286,000 after acquiring an additional 893 shares during the period. Stifel Financial Corp bought a new stake in FitLife Brands during the fourth quarter worth $657,000. Wells Fargo & Company MN lifted its holdings in FitLife Brands by 78.0% during the fourth quarter. Wells Fargo & Company MN now owns 4,271 shares of the company's stock worth $69,000 after acquiring an additional 1,871 shares during the period. Steward Partners Investment Advisory LLC lifted its holdings in FitLife Brands by 107.6% during the fourth quarter. Steward Partners Investment Advisory LLC now owns 3,478 shares of the company's stock worth $57,000 after acquiring an additional 1,803 shares during the period. Finally, O Shaughnessy Asset Management LLC bought a new stake in FitLife Brands during the fourth quarter worth $263,000. 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.

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