FitLife Brands (OTCMKTS:FTLF) Shares Pass 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.

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

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

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

In other FitLife Brands news, insider Judd Dayton acquired 40,508 shares of the business’s stock in a transaction dated Tuesday, August 6th. The stock was bought at an average price of $9.75 per share, with a total value of $394,953.00. The transaction was disclosed in a filing with the SEC, which is accessible through this link. 47.60% of the stock is currently owned by corporate insiders.

About FitLife Brands (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.

Further Reading: Diversification

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