Betterware de México, S.A.P.I. de C.V. (NASDAQ:BWMX) Reaches New 1-Year High – Here’s Why

Shares of Betterware de México, S.A.P.I. de C.V. (NASDAQ:BWMX) reached a new 52-week high during trading on Saturday . The stock traded as high as $15.85 and last traded at $15.81, with a volume of 216967 shares changing hands. The stock had previously closed at $14.21.

Betterware de México, S.A.P.I. de C.V. Stock Performance

The business’s 50-day simple moving average is $14.17 and its two-hundred day simple moving average is $12.70. The firm has a market cap of $589.98 million, a price-to-earnings ratio of 11.29 and a beta of 1.24. The company has a quick ratio of 0.50, a current ratio of 1.07 and a debt-to-equity ratio of 3.85.

Betterware de México, S.A.P.I. de C.V. Increases Dividend

The firm also recently declared a quarterly dividend, which was paid on Thursday, November 20th. Investors of record on Monday, November 3rd were issued a $0.2912 dividend. This represents a $1.16 dividend on an annualized basis and a yield of 7.4%. The ex-dividend date of this dividend was Monday, November 3rd. This is a positive change from Betterware de México, S.A.P.I. de C.V.’s previous quarterly dividend of $0.26. Betterware de México, S.A.P.I. de C.V.’s payout ratio is currently 74.29%.

Institutional Trading of Betterware de México, S.A.P.I. de C.V.

Institutional investors have recently bought and sold shares of the business. BNP Paribas Financial Markets lifted its position in shares of Betterware de México, S.A.P.I. de C.V. by 2.4% during the 3rd quarter. BNP Paribas Financial Markets now owns 53,166 shares of the company’s stock valued at $715,000 after buying an additional 1,264 shares in the last quarter. Bulltick Wealth Management LLC acquired a new position in Betterware de México, S.A.P.I. de C.V. during the second quarter worth $86,000. Squarepoint Ops LLC acquired a new position in Betterware de México, S.A.P.I. de C.V. during the third quarter worth $142,000. Vident Advisory LLC lifted its holdings in Betterware de México, S.A.P.I. de C.V. by 88.9% during the first quarter. Vident Advisory LLC now owns 26,226 shares of the company’s stock valued at $298,000 after purchasing an additional 12,346 shares in the last quarter. Finally, Commons Capital LLC lifted its holdings in Betterware de México, S.A.P.I. de C.V. by 41.6% during the second quarter. Commons Capital LLC now owns 54,468 shares of the company’s stock valued at $471,000 after purchasing an additional 16,000 shares in the last quarter. 12.72% of the stock is owned by institutional investors and hedge funds.

Betterware de México, S.A.P.I. de C.V. Company Profile

Betterware de México, SAP.I. de C.V. is a Mexican direct-to-consumer company specializing in household and home-organization products. The company designs, sources and markets a wide range of plastic and metal items for kitchen, laundry, bathroom and general home use. Betterware’s product suite also includes storage solutions, cleaning accessories, garden tools and seasonal décor, all of which are positioned to help consumers maximize space and streamline daily chores.

To reach its customers, Betterware employs a hybrid distribution model combining a network of independent advisors with digital sales channels.