FitLife Brands (OTCMKTS:FTLF) Stock Price Passes Above 50 Day Moving Average of $9.69

Shares of FitLife Brands Inc (OTCMKTS:FTLF) passed above its 50 day moving average during trading on Thursday . The stock has a 50 day moving average of $9.69 and traded as high as $9.85. FitLife Brands shares last traded at $9.85, with a volume of 6,000 shares traded.

Separately, ValuEngine lowered shares of FitLife Brands from a “buy” rating to a “hold” rating in a research report on Thursday, August 1st.

The firm has a market cap of $10.00 million, a P/E ratio of 7.19 and a beta of -0.43. The company has a quick ratio of 1.10, a current ratio of 1.81 and a debt-to-equity ratio of 0.06. The firm’s 50-day simple moving average is $9.72 and its 200 day simple moving average is $8.05.

FitLife Brands (OTCMKTS:FTLF) last announced its quarterly earnings data on Friday, August 9th. The company reported $0.43 EPS for the quarter. The business had revenue of $4.62 million for the quarter. FitLife Brands had a net margin of 9.42% and a return on equity of 61.85%.

In related news, insider Judd Dayton acquired 40,508 shares of the stock in a transaction on Tuesday, August 6th. The shares were acquired at an average price of $9.75 per share, with a total value of $394,953.00. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Insiders own 47.60% of the company’s stock.

FitLife Brands Company Profile (OTCMKTS:FTLF)

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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