BranchOut Food (NASDAQ:BOF) Stock Price Down 4.9% – What’s Next?

BranchOut Food Inc. (NASDAQ:BOFGet Free Report)’s stock price traded down 4.9% on Tuesday . The stock traded as low as $1.93 and last traded at $1.95. 67,673 shares were traded during trading, a decline of 97% from the average session volume of 2,477,676 shares. The stock had previously closed at $2.05.

BranchOut Food Stock Performance

The company has a fifty day moving average of $2.14 and a two-hundred day moving average of $1.89. The firm has a market capitalization of $16.68 million, a price-to-earnings ratio of -1.88 and a beta of 0.30. The company has a debt-to-equity ratio of 1.00, a quick ratio of 0.95 and a current ratio of 1.27.

Institutional Investors Weigh In On BranchOut Food

A number of hedge funds and other institutional investors have recently modified their holdings of BOF. Virtu Financial LLC acquired a new position in shares of BranchOut Food in the third quarter valued at about $25,000. Renaissance Technologies LLC bought a new stake in BranchOut Food in the 4th quarter valued at about $26,000. NewEdge Advisors LLC acquired a new position in shares of BranchOut Food during the 4th quarter worth approximately $45,000. Finally, Citadel Advisors LLC bought a new position in shares of BranchOut Food during the fourth quarter worth approximately $112,000. Institutional investors and hedge funds own 2.59% of the company’s stock.

BranchOut Food Company Profile

(Get Free Report)

BranchOut Food Inc develops, markets, sells, and distributes plant-based dehydrated fruit and vegetable snacks, and powders in the United States. The company offers dehydrated fruit and vegetable-based snacks, including avocado chips, chewy banana bites, pineapple chips, brussels sprout crisps, and bell pepper crisps; avocado, banana, and blueberry powders; and industrial ingredients, such as bulk avocado powder, dried avocado pieces, and other fruit powders/pieces.

See Also

Receive News & Ratings for BranchOut Food Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for BranchOut Food and related companies with MarketBeat.com's FREE daily email newsletter.