Better Choice (NASDAQ:BTTR) Stock Price Down 9.5%

Better Choice Company Inc. (NASDAQ:BTTR) shares fell 9.5% during trading on Wednesday . The stock traded as low as $5.45 and last traded at $5.70. 169,636 shares changed hands during trading, a decline of 24% from the average session volume of 224,275 shares. The stock had previously closed at $6.30.

Better Choice Stock Up 0.7 %

The company has a 50 day simple moving average of $7.06 and a 200 day simple moving average of $9.63. The company has a debt-to-equity ratio of 0.18, a quick ratio of 1.02 and a current ratio of 1.59.

Hedge Funds Weigh In On Better Choice

Large investors have recently modified their holdings of the business. Brown Brothers Harriman & Co. raised its stake in shares of Better Choice by 873.4% during the 1st quarter. Brown Brothers Harriman & Co. now owns 48,669 shares of the company’s stock worth $124,000 after buying an additional 43,669 shares in the last quarter. State Street Corp raised its stake in shares of Better Choice by 8.0% during the 1st quarter. State Street Corp now owns 72,658 shares of the company’s stock worth $185,000 after buying an additional 5,358 shares in the last quarter. Cantor Fitzgerald L. P. purchased a new position in shares of Better Choice during the 4th quarter worth approximately $26,000. Callan Capital LLC raised its stake in shares of Better Choice by 69.8% during the 3rd quarter. Callan Capital LLC now owns 243,306 shares of the company’s stock worth $30,000 after buying an additional 100,000 shares in the last quarter. Finally, Vanguard Group Inc. raised its stake in shares of Better Choice by 12.7% during the 1st quarter. Vanguard Group Inc. now owns 529,027 shares of the company’s stock worth $1,349,000 after buying an additional 59,468 shares in the last quarter. 12.64% of the stock is owned by hedge funds and other institutional investors.

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.