Better Choice (NASDAQ:BTTR) Shares Up 2.4% – Still a Buy?

Better Choice Company Inc. (NASDAQ:BTTR) shot up 2.4% during mid-day trading on Friday . The company traded as high as $2.21 and last traded at $2.13. 44,247 shares traded hands during mid-day 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 note on Monday, September 16th. They set a “buy” rating and a $10.00 price target on the stock.

Better Choice Trading Up 2.4 %

The company has a market capitalization of $4.12 million, a PE ratio of -0.10 and a beta of 0.73. The business has a fifty day moving average of $1.91 and a 200 day moving average of $2.81.

Institutional Inflows and Outflows

A hedge fund recently bought a new stake in Better Choice stock. Sanctuary Advisors LLC bought a new position in shares of Better Choice Company Inc. (NASDAQ:BTTR) during the third quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor bought 14,823 shares of the company’s stock, valued at approximately $31,000. Sanctuary Advisors LLC owned approximately 0.77% of Better Choice as of its most recent SEC filing. Institutional investors own 12.64% of the company’s stock.

Better Choice Company Profile

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.