FitLife Brands (OTCMKTS:FTLF) Share Price Passes Below Two Hundred Day Moving Average of $6.70

FitLife Brands Inc (OTCMKTS:FTLF)’s share price passed below its two hundred day moving average during trading on Friday . The stock has a two hundred day moving average of $6.70 and traded as low as $9.30. FitLife Brands shares last traded at $9.50, with a volume of 1,074 shares.

Separately, ValuEngine lowered 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 current ratio of 1.81 and a quick ratio of 1.10. The business’s 50 day moving average price is $9.89 and its 200-day moving average price is $6.75. The firm has a market capitalization of $9.60 million, a price-to-earnings ratio of 6.57 and a beta of -0.42.

In related news, insider Judd Dayton bought 52,000 shares of the stock in a transaction on Monday, July 8th. The shares were bought at an average cost of $8.50 per share, for a total transaction of $442,000.00. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. Insiders have acquired 93,508 shares of company stock worth $845,683 over the last 90 days. 47.60% of the stock is currently owned by company 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.

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