Medifast Inc (NYSE:MED)
June 14th, 2018
Medifast Inc closed Thursday up 2.67%, a $4.20 increase to close on $161.71. In addition it hit a new 52 week high of $162.41. The stock continues to trade well at 304% of its 52 week low of $40.00.
MED outperformed the rest of the Consumer Staples sector which went 0.00% today.
Analysis results from 3 analysts points to the possibility that Medifast Inc might drop somewhat (-8.88%), while Finbox has calculated (with low uncertainty) a fair value price of $116.28.
Medifast Inc Info
Medifast, Inc., through its subsidiaries, manufactures and distributes weight loss, weight management, healthy living products, and other consumable health and nutritional products. It offers bars, bites, pretzels, puffs, oatmeal and cereal crunch products, drinks, hearty choices, pancakes, puddings, soft serves, shakes, smoothies, soft bakes, and soups under the Medifast, OPTAVIA, Thrive by Medifast, Optimal Health by OPTAVIA, Flavors of Home, and Essential 1 brands. The company sells its products through various channels, including the Internet, call centers, independent health advisors, medical professionals, franchise weight loss clinics, and direct consumer marketing. As of December 31, 2017, it operated 16 franchised Medifast weight control centers in Arizona, California, Louisiana, Minnesota, and Wisconsin; and 18 reseller locations in California, Maryland, and Pennsylvania. The company was founded in 1980 and is headquartered in Baltimore, Maryland.
All amounts in USD unless otherwise indicated
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