Better Choice (NASDAQ:BTTR) Trading Down 4.5% – Here’s What Happened

Shares of Better Choice Company Inc. (NASDAQ:BTTR) traded down 4.5% during trading on Tuesday . The company traded as low as $0.2849 and last traded at $0.2980. 9,430,241 shares traded hands during mid-day trading, an increase of 10,761% from the average session volume of 86,824 shares. The stock had previously closed at $0.3120.

Better Choice Stock Performance

The stock has a market cap of $473,970.00, a PE ratio of -0.01 and a beta of 0.74. The company’s 50-day moving average price is $0.33 and its two-hundred day moving average price is $0.40.

About Better Choice

Better Choice Company Inc is a special purpose acquisition company incorporated in Delaware in August 2020. The company was formed to identify and effect a business combination with one or more established businesses, focusing primarily on the consumer packaged goods sector. Better Choice Company completed its initial public offering in early 2021 and is listed on the Nasdaq under the ticker BTTR.

The company’s stated strategy is to pursue a merger, share exchange, asset acquisition, share purchase, reorganization or similar business combination that creates value through scale, brand development and distribution expansion.