Smart for Life (NASDAQ:SMFL) Trading 8.8% Higher

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Smart for Life, Inc. (NASDAQ:SMFLGet Rating) shares rose 8.8% during mid-day trading on Friday . The company traded as high as $0.58 and last traded at $0.54. Approximately 347,486 shares traded hands during mid-day trading, a decline of 89% from the average daily volume of 3,083,253 shares. The stock had previously closed at $0.50.

The firm has a 50-day simple moving average of $0.56.

Smart for Life (NASDAQ:SMFLGet Rating) last announced its quarterly earnings data on Monday, May 16th. The company reported ($0.82) EPS for the quarter. The business had revenue of $4.46 million during the quarter.

An institutional investor recently bought a new position in Smart for Life stock. UBS Group AG bought a new stake in shares of Smart for Life, Inc. (NASDAQ:SMFLGet Rating) in the first quarter, according to the company in its most recent Form 13F filing with the SEC. The firm bought 25,629 shares of the company’s stock, valued at approximately $29,000. UBS Group AG owned 0.12% of Smart for Life as of its most recent SEC filing.

About Smart for Life (NASDAQ:SMFL)

Smart for Life, Inc acquires, develops, manufactures, operates, markets, and sells nutraceutical and related products in the United States and internationally. It offers natural health and wellness meal replacement products, including nutrition bars, cookies, soups and shakes, vitamins, and supplements; dietary supplements; nutritional supplements for athletes and active lifestyle consumers comprising powders, tablets, and soft gels; and various nutritional supplements.

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