Better Choice (NASDAQ:BTTR) Trading Down 9.8%

Better Choice Company Inc. (NASDAQ:BTTR) shares traded down 9.8% during trading on Wednesday . The stock traded as low as $5.25 and last traded at $5.50. 32,680 shares were traded during mid-day trading, an increase of 27% from the average session volume of 25,756 shares. The stock had previously closed at $6.10.

Better Choice Stock Performance

The business has a 50-day moving average of $8.46 and a 200 day moving average of $9.65. The company has a debt-to-equity ratio of 0.18, a current ratio of 1.59 and a quick ratio of 1.02. The company has a market cap of $4.41 million, a PE ratio of -0.11 and a beta of 0.55.

Institutional Trading of Better Choice

Large investors have recently added to or reduced their stakes in the business. Vanguard Group Inc. increased its stake in shares of Better Choice by 12.7% in the 1st quarter. Vanguard Group Inc. now owns 529,027 shares of the company’s stock worth $1,349,000 after purchasing an additional 59,468 shares in the last quarter. Brown Brothers Harriman & Co. raised its stake in shares of Better Choice by 873.4% in the first quarter. Brown Brothers Harriman & Co. now owns 48,669 shares of the company’s stock worth $124,000 after buying an additional 43,669 shares during the period. State Street Corp lifted its position in shares of Better Choice by 8.0% during the 1st quarter. State Street Corp now owns 72,658 shares of the company’s stock valued at $185,000 after buying an additional 5,358 shares in the last quarter. 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 acquiring an additional 100,000 shares during the period. Finally, Cantor Fitzgerald L. P. purchased a new stake in Better Choice in the 4th quarter worth approximately $26,000. 12.64% of the stock is currently owned by institutional investors.

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.