Stock analysts at StockNews.com initiated coverage on shares of Birks Group (NYSEAMERICAN:BGI – Get Free Report) in a research report issued to clients and investors on Friday. The brokerage set a “sell” rating on the stock.
Birks Group Stock Up 0.8 %
Shares of BGI opened at $2.70 on Friday. Birks Group has a 52-week low of $2.40 and a 52-week high of $10.02.
Institutional Investors Weigh In On Birks Group
A hedge fund recently bought a new stake in Birks Group stock. Ingalls & Snyder LLC purchased a new position in shares of Birks Group Inc. (NYSEAMERICAN:BGI – Free Report) during the 3rd quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm purchased 10,000 shares of the company’s stock, valued at approximately $45,000. Ingalls & Snyder LLC owned about 0.05% of Birks Group at the end of the most recent reporting period. 0.22% of the stock is owned by institutional investors.
About Birks Group
Birks Group Inc designs, develops, manufactures, and retails fine jewelry, timepieces, sterling and plated silverware, and gifts in the United States and Canada. The company operates through two segments, Retail and Other. It offers various merchandise, including designer jewelry, diamonds, gemstone and precious metal jewelry, rings, wedding bands, earrings, bracelets, necklaces, precious gemstones, gold jewelry, and pearls.
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