FitLife Brands (NASDAQ:FTLF) Downgraded to Strong Sell Rating by Zacks Research

Zacks Research lowered shares of FitLife Brands (NASDAQ:FTLF) from a hold rating to a strong sell rating in a report issued on Tuesday morning,Zacks.com reports.

Several other equities research analysts have also recently commented on FTLF. Weiss Ratings reissued a “hold (c+)” rating on shares of FitLife Brands in a report on Monday, December 29th. Lake Street Capital dropped their target price 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 investment analysts have rated the stock with a Buy rating, one has assigned a Hold rating and one has given a Sell rating to the company. According to MarketBeat, FitLife Brands presently has an average rating of “Hold” and an average price target of $21.50.

FitLife Brands Stock Performance

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

Institutional Inflows and Outflows

Hedge funds have recently added to or reduced their stakes in the business. Steward Partners Investment Advisory LLC grew its position in FitLife Brands by 107.6% in the fourth quarter. Steward Partners Investment Advisory LLC now owns 3,478 shares of the company’s stock worth $57,000 after buying an additional 1,803 shares during the last quarter. O Shaughnessy Asset Management LLC acquired a new position in FitLife Brands in the fourth quarter worth approximately $263,000. Los Angeles Capital Management LLC acquired a new position in FitLife Brands in the fourth quarter worth approximately $61,000. JPMorgan Chase & Co. grew its position in FitLife Brands by 107.0% in the third quarter. JPMorgan Chase & Co. now owns 3,819 shares of the company’s stock worth $76,000 after buying an additional 1,974 shares during the last quarter. Finally, Rhumbline Advisers grew its position in FitLife Brands by 12.3% during the 3rd quarter. Rhumbline Advisers now owns 5,870 shares of the company’s stock worth $117,000 after purchasing an additional 642 shares in the last quarter. Institutional investors and hedge funds own 2.32% of the company’s stock.

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.