Betterware de México, S.A.P.I. de C.V. (NASDAQ:BWMX) Hits New 52-Week High – Here’s Why

Betterware de México, S.A.P.I. de C.V. (NASDAQ:BWMX)’s share price hit a new 52-week high during trading on Wednesday . The company traded as high as $18.52 and last traded at $18.5030, with a volume of 483395 shares changing hands. The stock had previously closed at $16.51.

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

The company has a current ratio of 1.07, a quick ratio of 0.50 and a debt-to-equity ratio of 3.85. The stock has a market cap of $690.53 million, a price-to-earnings ratio of 13.22 and a beta of 1.24. The stock’s 50 day moving average is $14.70 and its two-hundred day moving average is $13.42.

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

The firm also recently announced a quarterly dividend, which was paid on Thursday, November 20th. Stockholders of record on Monday, November 3rd were paid a dividend of $0.2912 per share. This represents a $1.16 annualized dividend and a dividend yield of 6.3%. This is a positive change from Betterware de México, S.A.P.I. de C.V.’s previous quarterly dividend of $0.26. The ex-dividend date was Monday, November 3rd. Betterware de México, S.A.P.I. de C.V.’s payout ratio is currently 74.29%.

Hedge Funds Weigh In On Betterware de México, S.A.P.I. de C.V.

Institutional investors have recently added to or reduced their stakes in the stock. BNP Paribas Financial Markets lifted its position in Betterware de México, S.A.P.I. de C.V. by 2.4% in the third quarter. BNP Paribas Financial Markets now owns 53,166 shares of the company’s stock valued at $715,000 after purchasing an additional 1,264 shares during the period. Bulltick Wealth Management LLC acquired a new position in Betterware de México, S.A.P.I. de C.V. during the 2nd quarter worth approximately $86,000. Squarepoint Ops LLC purchased a new position in shares of Betterware de México, S.A.P.I. de C.V. during the 3rd quarter worth approximately $142,000. Commons Capital LLC lifted its holdings in shares of Betterware de México, S.A.P.I. de C.V. by 41.6% in the 2nd quarter. Commons Capital LLC now owns 54,468 shares of the company’s stock valued at $471,000 after buying an additional 16,000 shares during the period. Finally, GSA Capital Partners LLP purchased a new stake in shares of Betterware de México, S.A.P.I. de C.V. in the third quarter valued at approximately $252,000. Institutional investors and hedge funds own 12.72% of the company’s stock.

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.