Better Choice (NASDAQ:BTTR) Shares Up 2.9%

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.

Better Choice (NASDAQ:BTTR – Get Rating) last announced its earnings results on Thursday, November 10th. The company reported ($0.22) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of ($0.15) by ($0.07). The firm had revenue of $11.87 million during the quarter, compared to analyst estimates of $13.74 million. Better Choice had a negative net margin of 35.54% and a negative return on equity of 38.25%. As a group, research analysts forecast that Better Choice Company Inc. will post -0.65 earnings per share for the current fiscal year.

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

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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.