FitLife Brands (NASDAQ:FTLF) Trading Up 0.9% – Time to Buy?

FitLife Brands Inc. (NASDAQ:FTLF) shares rose 0.9% on Wednesday . The company traded as high as $14.78 and last traded at $14.73. Approximately 12,733 shares traded hands during trading, a decline of 21% from the average daily volume of 16,056 shares. The stock had previously closed at $14.60.

Analyst Ratings Changes

Separately, Weiss Ratings reissued a “hold (c+)” rating on shares of FitLife Brands in a report on Monday, December 29th. Two research analysts have rated the stock with a Buy rating and two have assigned a Hold rating to the company. According to MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and a consensus price target of $23.00.

FitLife Brands Stock Performance

The stock has a market cap of $129.68 million, a price-to-earnings ratio of 24.23 and a beta of 0.41. The company’s 50 day simple moving average is $15.28 and its 200 day simple moving average is $17.33. The company has a debt-to-equity ratio of 0.77, a quick ratio of 0.46 and a current ratio of 1.13.

Hedge Funds Weigh In On FitLife Brands

Several hedge funds have recently made changes to their positions in FTLF. Rhumbline Advisers raised its holdings in shares of FitLife Brands by 12.3% in 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. New York State Common Retirement Fund bought a new stake in FitLife Brands during the second quarter worth approximately $103,000. 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. Wells Fargo & Company MN grew its position in FitLife Brands by 78.0% in the fourth quarter. Wells Fargo & Company MN now owns 4,271 shares of the company’s stock worth $69,000 after buying an additional 1,871 shares during the last quarter. Finally, Los Angeles Capital Management LLC bought a new position in shares of FitLife Brands in the fourth quarter valued at $61,000. 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.