Birks Group Inc. (BGI) shares are trading at lower $0.92.
To add more color to this target, the company’s high over the last year is $1.97 and the low is $0.32. Over the last 52 weeks, BGI is down -2.69% while the S&P 500 is up 15.12%. The catalyst for this interesting swing was the company’s recent earnings report.
A Notable Earnings Report
BGI booked profit margins of -7.50%, its Return on Equity (ROE) is -101.00%, and its Return on Assets is -7.50%. All told, it is clear that, BGI needs to be on your watchlist.
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Of course, we must look beyond the financials and question how well those numbers represent the sustainable earnings power of the business. Investors need to know how sustainable this current run. BGI has a short ratio of 0.02 and outstanding shares of 17.97M.
BGI has seen increased volume after this news and investors are putting their support behind the value proposition. Furthermore, 10-day volume stands at 5.21 million and more growth is possible in the weeks ahead. Traders will also note the company’s earnings per share came in at -0.52. Birks Group Inc. BGI also noted assets of $212.69 million at the end of the last quarter. Investors should also keep an eye on sector updates as BGI has historically followed its peers on positive news.
All told, Birks Group Inc. BGI has strung together solid data and demonstrated underlying fundamentals. At its current valuation, BGI represents an interesting risk/reward case. Traders should stay tuned to see if this recent report will push the stock to test recent resistance levels.
Birks Group Inc. BGI is now commanding a market cap of 17.89M and a float of 4.32M. BGI is increasing its credibility in this sector and that could lead to more upside down the line. Sign-up for continuing coverage on shares of BGI stock, as well as other hot stock picks, get our free newsletter today and get our next breakout pick!
Disclosure: we hold no position in BGI, either long or short, and we have not been compensated for this article.