Better Choice (NASDAQ:BTTR) Trading Down 3.7%

Better Choice Company Inc. (NASDAQ:BTTR)’s stock price dropped 3.7% on Thursday . The stock traded as low as $6.55 and last traded at $6.57. Approximately 5,199 shares changed hands during trading, a decline of 98% from the average daily volume of 212,567 shares. The stock had previously closed at $6.82.

Better Choice Price Performance

The firm has a fifty day moving average of $6.82 and a two-hundred day moving average of $9.63. The stock has a market capitalization of $5.79 million, a P/E ratio of -0.21 and a beta of 0.52.

Better Choice (NASDAQ:BTTR) last released its quarterly earnings data on Friday, April 12th. The company reported ($6.51) earnings per share for the quarter. The firm had revenue of $5.70 million during the quarter. Better Choice had a negative net margin of 59.00% and a negative return on equity of 95.23%.

Hedge Funds Weigh In On Better Choice

A hedge fund recently bought a new stake in Better Choice stock. Cantor Fitzgerald L. P. bought a new position in Better Choice Company Inc. (NASDAQ:BTTR) in the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund bought 95,000 shares of the company’s stock, valued at approximately $26,000. Cantor Fitzgerald L. P. owned approximately 0.30% of Better Choice as of its most recent filing with the Securities and Exchange Commission (SEC). 12.64% of the stock is owned by institutional investors and hedge funds.

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.