FitLife Brands (OTCMKTS:FTLF) Rating Lowered to Hold at ValuEngine

ValuEngine cut shares of FitLife Brands (OTCMKTS:FTLF) from a buy rating to a hold rating in a report published on Thursday, ValuEngine reports.

FTLF opened at $11.00 on Thursday. The firm has a market capitalization of $11.16 million, a price-to-earnings ratio of 9.65 and a beta of -0.35. FitLife Brands has a twelve month low of $0.00 and a twelve month high of $11.30. The stock’s 50-day simple moving average is $9.97. The company has a quick ratio of 1.20, a current ratio of 1.84 and a debt-to-equity ratio of 0.07.

FitLife Brands (OTCMKTS:FTLF) last posted its quarterly earnings results on Wednesday, May 15th. The company reported $0.94 earnings per share for the quarter. The firm had revenue of $5.88 million for the quarter. FitLife Brands had a net margin of 7.49% and a return on equity of 60.00%.

In other FitLife Brands news, insider Judd Dayton purchased 52,000 shares of the stock in a transaction that occurred on Monday, July 8th. The shares were purchased at an average cost of $8.50 per share, for a total transaction of $442,000.00. The acquisition was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Insiders own 47.60% of the company’s stock.

FitLife Brands Company Profile

FitLife Brands, Inc provides nutritional supplements for health conscious consumers primarily in the United States. The company offers weight loss, general health, and sports nutrition supplements; precision sports nutrition formulations for professional muscular development; sports nutrition performance enhancing supplements for fitness enthusiasts; and men's health and weight loss formulations, as well as other diet, health, and sports nutrition supplements and related products that support accelerated fitness and nutrition goals directly to athletic facilities, gyms, and independent retailers; and sports nutritionals, energy and sports drink products, and meal replacements.

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