Analysts at Lake Street Capital started coverage on shares of FitLife Brands (NASDAQ:FTLF – Get Free Report) in a research report issued on Monday, Marketbeat.com reports. The brokerage set a “buy” rating and a $21.00 price target on the stock. Lake Street Capital’s target price would indicate a potential upside of 60.18% from the stock’s previous close.
FitLife Brands Price Performance
NASDAQ:FTLF opened at $13.11 on Monday. FitLife Brands has a 12-month low of $10.75 and a 12-month high of $17.75. The firm has a market cap of $120.74 million, a price-to-earnings ratio of 15.51 and a beta of 0.95. The company’s 50-day moving average is $15.14 and its two-hundred day moving average is $15.88. The company has a current ratio of 1.50, a quick ratio of 0.64 and a debt-to-equity ratio of 0.28.
Institutional Trading of FitLife Brands
Hedge funds have recently bought and sold shares of the company. Mink Brook Asset Management LLC acquired a new position in FitLife Brands in the 4th quarter valued at $1,251,000. 683 Capital Management LLC purchased a new stake in shares of FitLife Brands in the fourth quarter valued at $384,000. Northern Trust Corp purchased a new stake in shares of FitLife Brands in the fourth quarter valued at $409,000. Geode Capital Management LLC increased its stake in FitLife Brands by 4.7% in the fourth quarter. Geode Capital Management LLC now owns 23,202 shares of the company’s stock valued at $757,000 after purchasing an additional 1,045 shares during the last quarter. Finally, Bard Associates Inc. purchased a new position in FitLife Brands during the fourth quarter worth about $211,000. 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.
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