NewEdge Advisors LLC Buys Shares of 26,176 BranchOut Food Inc. (NASDAQ:BOF)

NewEdge Advisors LLC purchased a new position in shares of BranchOut Food Inc. (NASDAQ:BOF) in the fourth quarter, according to its most recent filing with the Securities & Exchange Commission. The fund purchased 26,176 shares of the company’s stock, valued at approximately $45,000. NewEdge Advisors LLC owned approximately 0.33% of BranchOut Food at the end of the most recent reporting period.

Separately, Virtu Financial LLC acquired a new position in shares of BranchOut Food during the 3rd quarter valued at about $25,000. Institutional investors own 2.59% of the company’s stock.

BranchOut Food Price Performance

BOF opened at $2.03 on Friday. BranchOut Food Inc. has a 1 year low of $0.61 and a 1 year high of $4.11. The company’s 50 day simple moving average is $2.01 and its 200 day simple moving average is $1.92. The stock has a market capitalization of $19.46 million, a PE ratio of -1.95 and a beta of 0.30. The company has a debt-to-equity ratio of 1.00, a quick ratio of 0.95 and a current ratio of 1.27.

BranchOut Food (NASDAQ:BOF) last announced its quarterly earnings data on Tuesday, April 15th. The company reported ($0.18) earnings per share (EPS) for the quarter. The company had revenue of $1.51 million for the quarter. BranchOut Food had a negative net margin of 72.96% and a negative return on equity of 255.53%.

BranchOut Food Company Profile

BranchOut Food Inc develops, markets, sells, and distributes plant-based dehydrated fruit and vegetable snacks, and powders in the United States. The company offers dehydrated fruit and vegetable-based snacks, including avocado chips, chewy banana bites, pineapple chips, brussels sprout crisps, and bell pepper crisps; avocado, banana, and blueberry powders; and industrial ingredients, such as bulk avocado powder, dried avocado pieces, and other fruit powders/pieces.