Stryve Foods (NASDAQ:SNAX) Trading Up 8.4%

Stryve Foods, Inc. (NASDAQ:SNAX) shot up 8.4% on Tuesday . The company traded as high as $1.73 and last traded at $1.68. 33,985 shares were traded during mid-day trading, a decline of 25% from the average session volume of 45,134 shares. The stock had previously closed at $1.55.

Stryve Foods Price Performance

The company has a market cap of $5.33 million, a price-to-earnings ratio of -0.19 and a beta of 0.97. The company’s 50-day simple moving average is $1.31 and its 200-day simple moving average is $1.91. The company has a debt-to-equity ratio of 9.65, a current ratio of 0.53 and a quick ratio of 0.20.

Stryve Foods (NASDAQ:SNAX) last announced its earnings results on Monday, April 1st. The company reported ($2.19) earnings per share for the quarter, missing the consensus estimate of ($1.96) by ($0.23). Stryve Foods had a negative net margin of 107.52% and a negative return on equity of 251.75%. The firm had revenue of $2.89 million during the quarter, compared to analysts’ expectations of $5.01 million. On average, equities research analysts anticipate that Stryve Foods, Inc. will post -5.76 EPS for the current year.

Institutional Trading of Stryve Foods

A hedge fund recently raised its stake in Stryve Foods stock. CWA Asset Management Group LLC raised its holdings in shares of Stryve Foods, Inc. (NASDAQ:SNAX) by 13.8% in the fourth quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 231,555 shares of the company’s stock after purchasing an additional 28,000 shares during the quarter. CWA Asset Management Group LLC owned 9.65% of Stryve Foods worth $602,000 at the end of the most recent quarter. 40.28% of the stock is currently owned by hedge funds and other institutional investors.

About Stryve Foods

Stryve Foods, Inc manufactures, markets, and sells snacking products in North America. The company's product portfolio consists primarily of air-dried meat snack products marketed under the Stryve, Kalahari, Braaitime, and Vacadillos brands. It also produces charcuterie slabs, thinly sliced steaks, air-dried beef sticks, biltong, biltong slabs, crisps, carne seca, sliced biltong, and droëwors products, as well as markets and sells human-grade pet treats under the brand Two Tails.