Better Choice (NASDAQ:BTTR) Stock Price Down 2%

Better Choice Company Inc. (NASDAQ:BTTR – Get Rating) dropped 2% during mid-day trading on Friday . The company traded as low as $0.65 and last traded at $0.69. Approximately 15,367 shares changed hands during trading, an increase of 11% from the average daily volume of 13,792 shares. The stock had previously closed at $0.71.

Analyst Upgrades and Downgrades

Separately, Dawson James dropped their price objective on shares of Better Choice from $10.00 to $4.00 in a report on Friday, November 11th.

Better Choice Stock Down 2.0 %

The firm’s 50 day simple moving average is $0.68 and its two-hundred day simple moving average is $0.96. The company has a debt-to-equity ratio of 0.23, a current ratio of 3.91 and a quick ratio of 2.61.

Hedge Funds Weigh In On Better Choice

A number of hedge funds have recently modified their holdings of the company. Proficio Capital Partners LLC purchased a new position in shares of Better Choice in the fourth quarter valued at about $32,000. Perkins Capital Management Inc. increased its position in shares of Better Choice by 11.4% during the fourth quarter. Perkins Capital Management Inc. now owns 876,334 shares of the company’s stock valued at $472,000 after buying an additional 89,500 shares during the period. Vanguard Group Inc. increased its position in shares of Better Choice by 20.5% during the third quarter. Vanguard Group Inc. now owns 683,017 shares of the company’s stock valued at $543,000 after buying an additional 116,019 shares during the period. State Street Corp increased its position in shares of Better Choice by 8.0% during the first 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 during the period. Finally, Brown Brothers Harriman & Co. increased its position in shares of Better Choice by 873.4% during the first quarter. Brown Brothers Harriman & Co. now owns 48,669 shares of the company’s stock valued at $124,000 after buying an additional 43,669 shares during the period. Hedge funds and other institutional investors own 24.71% of the company’s stock.

About Better Choice

(Get Rating)

Better Choice Co, Inc is an animal health and wellness company. The firm sells dog food, cat food, and treats under the Halo and TruDog brands, which are focused on providing sustainably sourced kibble and canned food derived from real whole meat, and minimally processed raw-diet dog food. Its brands include Trucut, Bona Vida, Orapup, Rawgo, and TruDog.