Better Choice Company Inc. (NASDAQ:BTTR – Get Rating) shot up 2.9% on Tuesday . The company traded as high as $0.70 and last traded at $0.70. 11,227 shares changed hands during trading, a decline of 45% from the average session volume of 20,288 shares. The stock had previously closed at $0.68.
Analyst Ratings Changes
Separately, Dawson James lowered their price objective on Better Choice from $10.00 to $4.00 in a research note on Friday, November 11th.
Better Choice Stock Up 2.9 %
The company has a debt-to-equity ratio of 0.23, a current ratio of 3.91 and a quick ratio of 2.61. The business has a 50-day moving average of $0.64 and a 200-day moving average of $1.22.
Institutional Trading of Better Choice
A number of hedge funds have recently added to or reduced their stakes in the stock. Perkins Capital Management Inc. lifted its position in Better Choice by 25.7% during the 2nd quarter. Perkins Capital Management Inc. now owns 842,250 shares of the company’s stock worth $1,853,000 after acquiring an additional 172,250 shares during the period. Millrace Asset Group Inc. raised its stake in shares of Better Choice by 35.5% during the 2nd quarter. Millrace Asset Group Inc. now owns 717,830 shares of the company’s stock worth $1,579,000 after buying an additional 187,997 shares in the last quarter. Vanguard Group Inc. raised its stake in shares of Better Choice by 20.5% during the 3rd quarter. Vanguard Group Inc. now owns 683,017 shares of the company’s stock worth $543,000 after buying an additional 116,019 shares in the last quarter. State Street Corp raised its stake in shares of Better Choice by 8.0% during the 1st quarter. State Street Corp now owns 72,658 shares of the company’s stock worth $185,000 after buying an additional 5,358 shares in the last quarter. Finally, Brown Brothers Harriman & Co. raised its stake in shares of Better Choice by 873.4% during the 1st quarter. Brown Brothers Harriman & Co. now owns 48,669 shares of the company’s stock worth $124,000 after buying an additional 43,669 shares in the last quarter. 24.71% of the stock is owned by institutional investors and hedge funds.
About Better Choice
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.
- Get a free copy of the StockNews.com research report on Better Choice (BTTR)
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