Better Choice (NASDAQ:BTTR) Trading 3.7% Higher – Should You Buy?

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

Better Choice Trading Up 3.7 %

The company’s 50 day simple moving average is $2.11 and its 200 day simple moving average is $2.43. The stock has a market capitalization of $4.35 million, a PE ratio of -0.11 and a beta of 0.67.

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

Institutional Inflows and Outflows

A hedge fund recently bought a new stake in Better Choice stock. Sanctuary Advisors LLC purchased a new position in shares of Better Choice Company Inc. (NASDAQ:BTTR) in the 3rd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor purchased 14,823 shares of the company’s stock, valued at approximately $31,000. Sanctuary Advisors LLC owned about 0.77% of Better Choice as of its most recent filing with the Securities and Exchange Commission (SEC). Institutional investors and hedge funds own 12.64% of the company’s stock.

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.