Better Choice (NASDAQ:BTTR) Stock Price Up 4.9% – What’s Next?

Better Choice Company Inc. (NASDAQ:BTTR) traded up 4.9% during mid-day trading on Tuesday . The company traded as high as $2.25 and last traded at $2.16. 413,199 shares were traded during mid-day trading, an increase of 856% from the average session volume of 43,234 shares. The stock had previously closed at $2.06.

Better Choice Stock Performance

The stock has a market capitalization of $4.28 million, a price-to-earnings ratio of -0.10 and a beta of 0.62. The business has a 50-day moving average of $2.15 and a 200-day moving average of $2.23.

Hedge Funds Weigh In On Better Choice

An institutional investor recently bought a new position in Better Choice stock. Sanctuary Advisors LLC purchased a new position in shares of Better Choice Company Inc. (NASDAQ:BTTR) in the third quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor purchased 14,823 shares of the company’s stock, valued at approximately $31,000. Sanctuary Advisors LLC owned 0.77% of Better Choice at the end of the most recent reporting period. 12.64% of the stock is currently owned by hedge funds and other 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.