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FitLife Brands (NASDAQ:FTLF) Shares Down 2.6% - Here's Why

FitLife Brands logo with Medical background
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FitLife Brands, Inc. (NASDAQ:FTLF - Get Free Report) shares fell 2.6% during trading on Thursday . The stock traded as low as $14.61 and last traded at $14.68. 4,897 shares traded hands during mid-day trading, a decline of 71% from the average session volume of 16,867 shares. The stock had previously closed at $15.07.

FitLife Brands Trading Down 6.4 %

The stock has a market capitalization of $128.02 million, a P/E ratio of 16.45 and a beta of 0.95. The company has a current ratio of 1.50, a quick ratio of 0.64 and a debt-to-equity ratio of 0.28. The company has a 50-day moving average price of $15.40 and a 200 day moving average price of $16.00.

Institutional Inflows and Outflows

Hedge funds have recently added to or reduced their stakes in the business. Barclays PLC acquired a new position in FitLife Brands during the 3rd quarter valued at about $91,000. Bard Associates Inc. acquired a new position in FitLife Brands during the 4th quarter valued at about $211,000. 683 Capital Management LLC acquired a new position in FitLife Brands during the 4th quarter valued at about $384,000. Northern Trust Corp acquired a new position in FitLife Brands during the 4th quarter valued at about $409,000. Finally, Geode Capital Management LLC increased its position in 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 buying an additional 1,144 shares in the last quarter. 2.32% of the stock is owned by institutional investors and hedge funds.

About FitLife Brands

(Get Free Report)

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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