FitLife Brands (NASDAQ:FTLF) Stock Rating Raised to “Strong-Buy” at Zacks Research

Zacks Research upgraded shares of FitLife Brands (NASDAQ:FTLF) from a hold rating to a strong-buy rating in a report published on Tuesday,Zacks reports.

Separately, Weiss Ratings cut shares of FitLife Brands from a “hold (c)” rating to a “hold (c-)” rating in a research report on Friday, October 2nd. One equities research analyst has rated the stock with a Strong Buy rating, one has given a Buy rating and one has given a Hold rating to the company. Based on data from MarketBeat, FitLife Brands has an average rating of “Buy” and an average target price of $18.00.

FitLife Brands Price Performance

Shares of FTLF stock opened at $9.23 on Tuesday. The business has a fifty day simple moving average of $9.71 and a 200 day simple moving average of $10.28. The company has a market cap of $86.67 million, a P/E ratio of 14.79 and a beta of 0.06. The company has a quick ratio of 0.45, a current ratio of 1.46 and a debt-to-equity ratio of 0.67. FitLife Brands has a twelve month low of $8.67 and a twelve month high of $20.98.

FitLife Brands (NASDAQ:FTLF) last released its earnings results on Thursday, August 13th. The company reported $0.20 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.18 by $0.02. The firm had revenue of $26.55 million for the quarter. FitLife Brands had a return on equity of 18.10% and a net margin of 6.15%. On average, sell-side analysts forecast that FitLife Brands will post 0.87 EPS for the current fiscal year.

Hedge Funds Weigh In On FitLife Brands

A hedge fund recently raised its stake in FitLife Brands stock. Bard Associates Inc. lifted its position in shares of FitLife Brands Inc. (NASDAQ:FTLF) by 5.3% during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 17,594 shares of the company’s stock after purchasing an additional 893 shares during the period. Bard Associates Inc. owned about 0.19% of FitLife Brands worth $286,000 as of its most recent filing with the Securities and Exchange Commission. Hedge funds and other institutional investors own 2.32% of the company’s stock.

About FitLife Brands

FitLife Brands, Inc is a developer, manufacturer and marketer of nutritional supplements. The company focuses on products intended to support sports performance, weight management, energy, recovery and general health, serving consumers through a portfolio of branded dietary supplements.

FitLife’s product portfolio has included brands such as NDS Nutrition, PMD Sports, iSatori and Muscle Elements. Its offerings include powders, capsules, tablets and other supplement formats marketed to athletes, fitness enthusiasts and consumers seeking wellness and nutrition products.

The company sells its products through e-commerce channels, specialty retailers, gyms and other distributors.