FitLife Brands (NASDAQ:FTLF) Now Covered by Analysts at Lake Street Capital

Research analysts at Lake Street Capital started coverage on shares of FitLife Brands (NASDAQ:FTLF) in a report released on Monday,Briefing.com Automated Import reports. The brokerage set a “buy” rating and a $21.00 price target on the stock. Lake Street Capital’s target price would suggest a potential upside of 50.54% from the company’s previous close.

FitLife Brands Stock Up 0.8 %

Shares of NASDAQ FTLF opened at $13.95 on Monday. The firm’s 50-day moving average is $15.22 and its 200-day moving average is $15.93. The company has a current ratio of 1.50, a quick ratio of 0.64 and a debt-to-equity ratio of 0.28. FitLife Brands has a 1 year low of $10.75 and a 1 year high of $17.75. The firm has a market capitalization of $128.48 million, a PE ratio of 16.51 and a beta of 0.95.

Institutional Trading of FitLife Brands

A number of hedge funds have recently modified their holdings of the company. Geode Capital Management LLC raised its position 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 during the period. Barclays PLC acquired a new position in shares of FitLife Brands during the 3rd quarter worth about $91,000. Bard Associates Inc. bought a new position in shares of FitLife Brands in the 4th quarter valued at about $211,000. 683 Capital Management LLC bought a new position in FitLife Brands in the fourth quarter valued at approximately $384,000. Finally, Northern Trust Corp bought a new position in shares of FitLife Brands in the fourth quarter valued at $409,000. 2.32% of the stock is currently owned by institutional investors and hedge funds.

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.