Better Choice (NASDAQ:BTTR) Trading Down 9.5%

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

Better Choice Trading Down 11.3 %

The stock 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 debt-to-equity ratio of 0.18, a quick ratio of 1.02 and a current ratio of 1.59. The firm has a market cap of $4.98 million, a PE ratio of -0.18 and a beta of 0.52.

Hedge Funds Weigh In On Better Choice

A number of hedge funds have recently bought and sold shares of the business. State Street Corp raised its position in Better Choice by 8.0% in 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 during the last quarter. Brown Brothers Harriman & Co. grew 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 valued at $124,000 after purchasing an additional 43,669 shares during the period. Vanguard Group Inc. grew its stake in shares of Better Choice by 12.7% during the 1st quarter. Vanguard Group Inc. now owns 529,027 shares of the company’s stock valued at $1,349,000 after purchasing an additional 59,468 shares during the period. Cantor Fitzgerald L. P. bought a new stake in shares of Better Choice during the 4th quarter valued at about $26,000. Finally, Callan Capital LLC grew its stake in shares of Better Choice by 69.8% during the 3rd quarter. Callan Capital LLC now owns 243,306 shares of the company’s stock valued at $30,000 after purchasing an additional 100,000 shares during the period. Hedge funds and other institutional investors own 12.64% of the company’s stock.

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.