Lake Street Capital initiated coverage on shares of FitLife Brands (NASDAQ:FTLF - Free Report) in a report issued on Monday, MarketBeat Ratings reports. The firm issued a buy rating and a $21.00 price target on the stock.
FitLife Brands Stock Performance
FitLife Brands stock traded down $0.16 during mid-day trading on Monday, reaching $13.48. The company's stock had a trading volume of 17,117 shares, compared to its average volume of 17,048. The company has a market capitalization of $124.15 million, a P/E ratio of 15.95 and a beta of 0.95. The firm's fifty day moving average price is $15.08 and its two-hundred day moving average price is $15.85. FitLife Brands has a 12-month low of $10.78 and a 12-month high of $17.75. The company has a debt-to-equity ratio of 0.28, a quick ratio of 0.64 and a current ratio of 1.50.
Institutional Investors Weigh In On FitLife Brands
Institutional investors and hedge funds have recently modified their holdings of the company. Barclays PLC bought a new stake in FitLife Brands during the 3rd quarter worth approximately $91,000. Geode Capital Management LLC grew its position in shares of FitLife Brands by 5.4% during the 3rd quarter. Geode Capital Management LLC now owns 22,157 shares of the company's stock valued at $726,000 after purchasing an additional 1,144 shares in the last quarter. Bard Associates Inc. bought a new position in shares of FitLife Brands in the fourth quarter worth $211,000. Northern Trust Corp purchased a new stake in shares of FitLife Brands in the fourth quarter worth $409,000. Finally, 683 Capital Management LLC bought a new stake in FitLife Brands during the fourth quarter valued at $384,000. 2.32% of the stock is owned by hedge funds and other institutional investors.
FitLife Brands Company Profile
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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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