BranchOut Food (NASDAQ:BOF) Trading Up 2.7% – Here’s Why

BranchOut Food Inc. (NASDAQ:BOF)’s share price traded up 2.7% during mid-day trading on Wednesday . The stock traded as high as $2.30 and last traded at $2.30. 148,680 shares traded hands during trading, a decline of 23% from the average session volume of 194,225 shares. The stock had previously closed at $2.24.

BranchOut Food Stock Up 2.0 %

The company has a quick ratio of 0.95, a current ratio of 1.27 and a debt-to-equity ratio of 1.00. The company has a market capitalization of $19.95 million, a price-to-earnings ratio of -2.44 and a beta of 0.86. The business’s 50-day moving average is $1.85 and its 200-day moving average is $1.67.

Institutional Trading of BranchOut Food

A hedge fund recently bought a new stake in BranchOut Food stock. Virtu Financial LLC purchased a new stake in BranchOut Food Inc. (NASDAQ:BOF) in the third quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund purchased 15,376 shares of the company’s stock, valued at approximately $25,000. Virtu Financial LLC owned 0.20% of BranchOut Food at the end of the most recent quarter. 2.59% of the stock is currently owned by institutional investors.

About BranchOut Food

BranchOut Food Inc develops, markets, sells, and distributes plant-based dehydrated fruit and vegetable snacks, and powders in the United States. The company offers dehydrated fruit and vegetable-based snacks, including avocado chips, chewy banana bites, pineapple chips, brussels sprout crisps, and bell pepper crisps; avocado, banana, and blueberry powders; and industrial ingredients, such as bulk avocado powder, dried avocado pieces, and other fruit powders/pieces.