Better Choice (NASDAQ:BTTR) Shares Up 3.7% – Here’s What Happened

Better Choice Company Inc. (NASDAQ:BTTR)’s share price was up 3.7% on Wednesday . The company traded as high as $2.29 and last traded at $2.25. Approximately 30,143 shares changed hands during mid-day trading, an increase of 73% from the average daily volume of 17,387 shares. The stock had previously closed at $2.17.

Better Choice Price Performance

The stock has a market cap of $4.35 million, a PE ratio of -0.11 and a beta of 0.67. The stock has a 50-day simple moving average of $2.11 and a 200-day simple moving average of $2.43.

Better Choice (NASDAQ:BTTR) last issued its earnings results on Tuesday, November 12th. The company reported ($0.54) earnings per share (EPS) for the quarter. Better Choice had a negative return on equity of 206.10% and a negative net margin of 39.83%. The firm had revenue of $11.37 million for the quarter.

Hedge Funds Weigh In On Better Choice

A hedge fund recently bought a new stake in Better Choice stock. Sanctuary Advisors LLC acquired a new stake in Better Choice Company Inc. (NASDAQ:BTTR) during the 3rd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm acquired 14,823 shares of the company’s stock, valued at approximately $31,000. Sanctuary Advisors LLC owned 0.77% of Better Choice at the end of the most recent reporting period. 12.64% of the stock is currently owned by institutional investors.

Better Choice Company Profile

Better Choice Company Inc operates as a pet 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, and chews.