Better Choice Company Inc. (NYSE:SRXH – Get Free Report)’s share price was down 14% during mid-day trading on Thursday . The stock traded as low as $1.62 and last traded at $1.6950. 10,745,830 shares changed hands during mid-day trading, an increase of 639% from the average session volume of 1,453,467 shares. The stock had previously closed at $1.97.
Better Choice Price Performance
The firm’s 50 day moving average price is $25.99 and its 200-day moving average price is $15.13. The stock has a market cap of $21.69 million, a P/E ratio of -0.11 and a beta of 0.73.
Better Choice Company Profile
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.
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