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

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

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

The firm has a market capitalization of $589.98 million, a PE ratio of 11.29 and a beta of 1.24. The firm’s fifty day moving average price is $14.17 and its 200 day moving average price is $12.70. The company has a current ratio of 1.07, a quick ratio of 0.50 and a debt-to-equity ratio of 3.85.

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

The business also recently declared a quarterly dividend, which was paid on Thursday, November 20th. Shareholders of record on Monday, November 3rd were given a dividend of $0.2912 per share. The ex-dividend date of this dividend was Monday, November 3rd. This represents a $1.16 annualized dividend and a yield of 7.4%. This is an increase 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 74.29%.

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

Several institutional investors and hedge funds have recently modified their holdings of the stock. Bulltick Wealth Management LLC acquired a new stake in Betterware de México, S.A.P.I. de C.V. during the second quarter worth about $86,000. Squarepoint Ops LLC purchased a new stake in Betterware de México, S.A.P.I. de C.V. in the 3rd quarter worth approximately $142,000. GSA Capital Partners LLP acquired a new stake in shares of Betterware de México, S.A.P.I. de C.V. during the 3rd quarter worth approximately $252,000. Vident Advisory LLC increased its holdings in shares of Betterware de México, S.A.P.I. de C.V. by 88.9% during the 1st 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, Quattro Financial Advisors LLC lifted its stake in shares of Betterware de México, S.A.P.I. de C.V. by 250.0% in the 2nd quarter. Quattro Financial Advisors LLC now owns 35,000 shares of the company’s stock valued at $303,000 after purchasing an additional 25,000 shares during the period. 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.