FitLife Brands (NASDAQ:FTLF) Stock Price Down 2.6% – Here’s What Happened

Shares of FitLife Brands, Inc. (NASDAQ:FTLF) were down 2.6% during mid-day trading on Thursday . The stock traded as low as $14.61 and last traded at $14.68. Approximately 4,897 shares traded hands during trading, a decline of 71% from the average daily volume of 16,867 shares. The stock had previously closed at $15.07.

FitLife Brands Price Performance

The business’s fifty day moving average is $15.46 and its 200 day moving average is $16.01. The company has a market cap of $136.77 million, a P/E ratio of 17.57 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.

Hedge Funds Weigh In On FitLife Brands

A number of institutional investors and hedge funds have recently added to or reduced their stakes in FTLF. Mink Brook Asset Management LLC bought a new position in FitLife Brands in the 4th quarter worth approximately $1,251,000. Northern Trust Corp purchased a new stake in shares of FitLife Brands during the fourth quarter worth $409,000. 683 Capital Management LLC purchased a new position in shares of FitLife Brands in the fourth quarter valued at $384,000. Bard Associates Inc. bought a new stake in shares of FitLife Brands during the 4th quarter valued at $211,000. Finally, Barclays PLC purchased a new stake in FitLife Brands during the 3rd quarter worth about $91,000. Institutional investors 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.