Diamond Equity Analysts Decrease Earnings Estimates for Blue Star Foods Corp. (OTCMKTS:BSFC)

Blue Star Foods Corp. (OTCMKTS:BSFCGet Rating) – Diamond Equity reduced their Q4 2022 EPS estimates for Blue Star Foods in a note issued to investors on Wednesday, May 18th. Diamond Equity analyst H. Diamond now anticipates that the company will post earnings of $0.00 per share for the quarter, down from their previous estimate of $0.01.

Blue Star Foods (OTCMKTS:BSFCGet Rating) last issued its quarterly earnings data on Monday, May 16th. The company reported ($0.04) earnings per share for the quarter, missing the consensus estimate of ($0.02) by ($0.02). Blue Star Foods had a negative net margin of 24.83% and a negative return on equity of 43.03%.

Separately, Zacks Investment Research raised shares of Blue Star Foods from a “sell” rating to a “hold” rating in a research report on Monday, May 16th.

Shares of BSFC opened at $1.36 on Monday. The firm’s 50 day moving average price is $1.67 and its 200 day moving average price is $2.16. The company has a quick ratio of 1.11, a current ratio of 1.70 and a debt-to-equity ratio of 0.29. Blue Star Foods has a twelve month low of $1.06 and a twelve month high of $8.00.

A number of hedge funds have recently made changes to their positions in BSFC. Scotia Capital Inc. acquired a new stake in Blue Star Foods during the first quarter worth $1,926,000. Vanguard Group Inc. acquired a new stake in Blue Star Foods during the first quarter worth $118,000. State Street Corp acquired a new stake in Blue Star Foods during the first quarter worth $45,000. Sequoia Financial Advisors LLC acquired a new stake in Blue Star Foods during the first quarter worth $39,000. Finally, Virtu Financial LLC acquired a new stake in shares of Blue Star Foods in the 1st quarter valued at $38,000. 0.16% of the stock is currently owned by institutional investors and hedge funds.

Blue Star Foods Company Profile (Get Rating)

Blue Star Foods Corp., through its subsidiaries, operates as a marine protein company in the United States and Canada. The company imports, packages, and sells refrigerated pasteurized various crab meats sourced primarily from Southeast Asia; and other premium seafood products. It sells its products primarily to food service distributors, as well as wholesalers, retail establishments, and seafood distributors under the Blue Star, Pacifika, Oceanica, Crab & Go Premium Seafood, Lubkin, First Choice, Good Stuff, Coastal Pride Fresh, and Little Cedar Falls brands.

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