Stryve Foods (NASDAQ:SNAX) Shares Down 0.6%

Stryve Foods, Inc. (NASDAQ:SNAX)’s share price fell 0.6% on Wednesday . The company traded as low as $1.65 and last traded at $1.66. 133,829 shares changed hands during mid-day trading, an increase of 326% from the average session volume of 31,409 shares. The stock had previously closed at $1.67.

Stryve Foods Stock Performance

The stock has a market cap of $5.23 million, a PE ratio of -0.20 and a beta of 1.07. The company has a debt-to-equity ratio of 9.65, a current ratio of 0.42 and a quick ratio of 0.19. The stock has a 50-day simple moving average of $1.67 and a 200-day simple moving average of $1.65.

Stryve Foods (NASDAQ:SNAX) last issued its earnings results on Wednesday, August 14th. The company reported ($0.91) earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of ($1.39) by $0.48. The business had revenue of $6.18 million during the quarter, compared to analysts’ expectations of $5.01 million. Stryve Foods had a negative return on equity of 2,100.61% and a negative net margin of 95.17%. Equities analysts predict that Stryve Foods, Inc. will post -4.05 earnings per share for the current fiscal year.

Hedge Funds Weigh In On Stryve Foods

A hedge fund recently raised its stake in Stryve Foods stock. CWA Asset Management Group LLC boosted its stake in Stryve Foods, Inc. (NASDAQ:SNAX) by 13.8% in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 231,555 shares of the company’s stock after purchasing an additional 28,000 shares during the period. CWA Asset Management Group LLC owned approximately 9.65% of Stryve Foods worth $602,000 at the end of the most recent reporting period. 40.28% of the stock is currently owned by 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.