Better Choice (NASDAQ:BTTR) Trading 2.4% Higher – Here’s What Happened

Shares of Better Choice Company Inc. (NASDAQ:BTTR) shot up 2.4% during trading on Friday . The stock traded as high as $2.21 and last traded at $2.13. 44,247 shares were traded during trading, a decline of 73% from the average session volume of 161,619 shares. The stock had previously closed at $2.08.

Analyst Upgrades and Downgrades

Separately, ThinkEquity initiated coverage on Better Choice in a research report on Monday, September 16th. They issued a “buy” rating and a $10.00 target price on the stock.

Better Choice Stock Up 2.4 %

The company has a market cap of $4.11 million, a P/E ratio of -0.10 and a beta of 0.73. The business has a fifty day moving average price of $1.91 and a 200-day moving average price of $2.80.

Institutional Trading of Better Choice

A hedge fund recently bought a new stake in Better Choice stock. Sanctuary Advisors LLC acquired a new stake in Better Choice Company Inc. (NASDAQ:BTTR) during the third quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm acquired 14,823 shares of the company’s stock, valued at approximately $31,000. Sanctuary Advisors LLC owned about 0.77% of Better Choice at the end of the most recent reporting period. 12.64% of the stock is currently owned by hedge funds and other institutional investors.

About Better Choice

Better Choice Company Inc operates as a pet 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, and chews.