FitLife Brands (NASDAQ:FTLF) Shares Down 2.6% – Here’s Why

FitLife Brands, Inc. (NASDAQ:FTLF)’s share price fell 2.6% 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 Stock Up 1.2 %

The company has a market cap of $136.77 million, a PE ratio of 17.57 and a beta of 0.95. The stock has a 50-day moving average of $15.46 and a 200-day moving average of $16.01. The company has a quick ratio of 0.64, a current ratio of 1.50 and a debt-to-equity ratio of 0.28.

Institutional Trading of FitLife Brands

Institutional investors and hedge funds have recently modified their holdings of the business. Geode Capital Management LLC grew its holdings in shares of FitLife Brands by 4.7% during the fourth quarter. Geode Capital Management LLC now owns 23,202 shares of the company’s stock worth $757,000 after purchasing an additional 1,045 shares in the last quarter. Barclays PLC bought a new stake in FitLife Brands during the third quarter valued at approximately $91,000. Bard Associates Inc. purchased a new position in FitLife Brands in the 4th quarter worth approximately $211,000. 683 Capital Management LLC bought a new position in shares of FitLife Brands in the 4th quarter worth $384,000. Finally, Northern Trust Corp bought a new position in shares of FitLife Brands in the 4th quarter worth $409,000. Hedge funds and other institutional investors own 2.32% of the company’s stock.

FitLife Brands Company Profile

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.