Betterware de México, S.A.P.I. de C.V. (NASDAQ:BWMX) Shares Down 0.8% – Here’s What Happened

Shares of Betterware de México, S.A.P.I. de C.V. (NASDAQ:BWMX) fell 0.8% during mid-day trading on Monday . The stock traded as low as $11.30 and last traded at $11.38. 37,219 shares changed hands during mid-day trading, an increase of 1% from the average session volume of 36,722 shares. The stock had previously closed at $11.47.

Betterware de México, S.A.P.I. de C.V. Trading Down 0.8 %

The company has a 50 day simple moving average of $12.44 and a 200 day simple moving average of $13.70. The company has a current ratio of 1.07, a quick ratio of 0.50 and a debt-to-equity ratio of 3.85. The stock has a market capitalization of $424.70 million, a PE ratio of 8.13 and a beta of 1.32.

Betterware de México, S.A.P.I. de C.V. Cuts Dividend

The business also recently declared a quarterly dividend, which was paid on Friday, November 15th. Investors of record on Friday, November 8th were issued a dividend of $0.3041 per share. This represents a $1.22 annualized dividend and a dividend yield of 10.69%. The ex-dividend date of this dividend was Friday, November 8th. Betterware de México, S.A.P.I. de C.V.’s dividend payout ratio is presently 86.43%.

Hedge Funds Weigh In On Betterware de México, S.A.P.I. de C.V.

Several institutional investors have recently bought and sold shares of the company. Acadian Asset Management LLC boosted its holdings in shares of Betterware de México, S.A.P.I. de C.V. by 67.1% in the second quarter. Acadian Asset Management LLC now owns 54,269 shares of the company’s stock valued at $784,000 after acquiring an additional 21,796 shares in the last quarter. Caprock Group LLC purchased a new stake in Betterware de México, S.A.P.I. de C.V. in the 2nd quarter valued at approximately $169,000. Blue Trust Inc. boosted its holdings in Betterware de México, S.A.P.I. de C.V. by 64.1% in the 3rd quarter. Blue Trust Inc. now owns 2,540 shares of the company’s stock valued at $32,000 after purchasing an additional 992 shares in the last quarter. CWA Asset Management Group LLC acquired a new position in Betterware de México, S.A.P.I. de C.V. during the 3rd quarter worth approximately $1,020,000. Finally, Proficio Capital Partners LLC purchased a new position in shares of Betterware de México, S.A.P.I. de C.V. during the 3rd quarter worth approximately $148,000. 12.72% of the stock is owned by institutional investors and hedge funds.

Betterware de México, S.A.P.I. de C.V. Company Profile

Betterware de México, SAP.I. de C.V. operates as a direct-to-consumer selling company in the United Staes and Mexico. It operates through two segments, Home Organization Products; and Beauty and Personal Care Products. The Home Organization Products segment provides a portfolio of products comprising kitchen and food preservation; home solutions; bedroom; bathroom; laundry and cleaning; wellness; and technology and mobility.