Stryve Foods (NASDAQ:SNAX) Trading 2.5% Higher – Here’s Why

Stryve Foods, Inc. (NASDAQ:SNAX)’s share price shot up 2.5% during mid-day trading on Friday . The stock traded as high as $0.75 and last traded at $0.74. 12,937 shares traded hands during trading, a decline of 77% from the average session volume of 56,167 shares. The stock had previously closed at $0.73.

Stryve Foods Trading Up 2.5 %

The business has a 50-day moving average of $0.75 and a 200 day moving average of $1.18. The firm has a market capitalization of $3.01 million, a PE ratio of -0.14 and a beta of 1.13.

Institutional Trading of Stryve Foods

An institutional investor recently bought a new position in Stryve Foods stock. CWA Asset Management Group LLC acquired a new stake in Stryve Foods, Inc. (NASDAQ:SNAX) in the 3rd quarter, according to the company in its most recent filing with the SEC. The firm acquired 231,630 shares of the company’s stock, valued at approximately $338,000. CWA Asset Management Group LLC owned about 6.91% of Stryve Foods as of its most recent filing with the SEC. Institutional investors and hedge funds own 40.28% of the company’s stock.

Stryve Foods Company Profile

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.