Functional Brands (NASDAQ:MEHA) Issues Earnings Results

Functional Brands (NASDAQ:MEHA) released its quarterly earnings data on Friday. The company reported ($0.36) EPS for the quarter, Zacks reports.

Functional Brands Stock Up 0.4%

Shares of Functional Brands stock opened at $0.09 on Friday. The company has a market capitalization of $1.88 million and a PE ratio of 2.15. The company has a quick ratio of 0.63, a current ratio of 0.90 and a debt-to-equity ratio of 0.25. The stock’s 50 day moving average is $0.14. Functional Brands has a 12-month low of $0.07 and a 12-month high of $8.00.

Institutional Investors Weigh In On Functional Brands

An institutional investor recently bought a new position in Functional Brands stock. Jane Street Group LLC bought a new position in shares of Functional Brands Inc. (NASDAQ:MEHA) in the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor bought 194,968 shares of the company’s stock, valued at approximately $37,000. Jane Street Group LLC owned 1.19% of Functional Brands as of its most recent SEC filing.

Analyst Ratings Changes

Separately, Weiss Ratings upgraded Functional Brands from a “sell (e-)” rating to a “sell (e)” rating in a report on Friday, May 1st. One research analyst has rated the stock with a Sell rating, According to MarketBeat, Functional Brands currently has an average rating of “Sell”.

Functional Brands Company Profile

Our company operates in the nutraceutical supplement industry. We are a manufacturer and distributor of supplements in categories such as pain, energy, prenatal, general health, bone and joint, gastro, immunity, cardiac, detox, mental clarity & focus, sleep, prenatal and urinary. Our end markets focus on end-consumers through different channels that include pharmacies, US wholesalers, international distributors and direct-to-consumers sales. Our products are sold over the counter, and consumers do not need a prescription to purchase our products.