Better Choice (NASDAQ:BTTR) Trading Down 9.5%

Better Choice Company Inc. (NASDAQ:BTTR)’s stock price dropped 9.5% during mid-day trading on Wednesday . The company traded as low as $5.45 and last traded at $5.70. Approximately 169,636 shares were traded during trading, a decline of 24% from the average daily volume of 224,275 shares. The stock had previously closed at $6.30.

Better Choice Stock Down 11.3 %

The firm has a 50 day simple moving average of $7.15 and a two-hundred day simple moving average of $9.68. The company has a market capitalization of $4.98 million, a PE ratio of -0.18 and a beta of 0.52. The company has a current ratio of 1.59, a quick ratio of 1.02 and a debt-to-equity ratio of 0.18.

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently modified their holdings of the stock. Vanguard Group Inc. raised its holdings in Better Choice by 20.5% during the third quarter. Vanguard Group Inc. now owns 683,017 shares of the company’s stock worth $543,000 after purchasing an additional 116,019 shares during the last quarter. Callan Capital LLC raised its holdings in Better Choice by 69.8% during the third quarter. Callan Capital LLC now owns 243,306 shares of the company’s stock worth $30,000 after purchasing an additional 100,000 shares during the last quarter. Cantor Fitzgerald L. P. acquired a new position in Better Choice during the fourth quarter worth $26,000. Brown Brothers Harriman & Co. raised its holdings in Better Choice by 873.4% during the first quarter. Brown Brothers Harriman & Co. now owns 48,669 shares of the company’s stock worth $124,000 after purchasing an additional 43,669 shares during the last quarter. Finally, State Street Corp raised its holdings in Better Choice by 8.0% during the first quarter. State Street Corp now owns 72,658 shares of the company’s stock worth $185,000 after purchasing an additional 5,358 shares during the last quarter. 12.64% of the stock is currently owned by hedge funds and other institutional investors.

Better Choice Company Profile

Better Choice Company Inc operates as an animal health and wellness company. Its products portfolio includes naturally formulated kibble and canned dog and cat foods, freeze-dried raw dog foods and treats, vegan dog foods and treats, oral care products and supplements, as well as toppers, dental products, chews, and grooming products.