Better Choice (NASDAQ:BTTR) Trading Up 3.7% – Still a Buy?

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

Better Choice Stock Performance

The firm’s 50-day moving average is $2.13 and its 200 day moving average is $2.42. The stock has a market cap of $4.50 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) earnings per share (EPS) for the quarter. The firm 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%.

Hedge Funds Weigh In On Better Choice

A hedge fund recently bought a new stake in Better Choice stock. Sanctuary Advisors LLC acquired a new stake in Better Choice Company Inc. (NASDAQ:BTTR) during the third quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor acquired 14,823 shares of the company’s stock, valued at approximately $31,000. Sanctuary Advisors LLC owned about 0.77% of Better Choice at the end of the most recent quarter. 12.64% of the stock is currently owned by institutional investors.

About Better Choice

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.