Better Choice Company Inc. (NYSE:SRXH – Get Free Report)’s stock price fell 14% on Thursday . The stock traded as low as $1.62 and last traded at $1.6950. 10,745,830 shares were traded during mid-day trading, an increase of 639% from the average daily volume of 1,453,467 shares. The stock had previously closed at $1.97.
Better Choice Trading Up 45.7%
The company has a market cap of $1.69 billion, a price-to-earnings ratio of -0.14 and a beta of 0.68. The stock’s 50-day moving average is $26.18 and its 200-day moving average is $15.35.
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.
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