Birks Group (NYSE:BGI) Stock Price Down 1.7% – Here’s Why

Birks Group Inc. (NYSE:BGI) was down 1.7% during trading on Thursday . The stock traded as low as $0.85 and last traded at $0.88. Approximately 8,765 shares changed hands during mid-day trading, a decline of 89% from the average daily volume of 80,687 shares. The stock had previously closed at $0.89.

Analysts Set New Price Targets

Separately, Wall Street Zen began coverage on shares of Birks Group in a report on Friday, May 16th. They issued a “sell” rating for the company.

Birks Group Trading Down 1.7%

The stock’s fifty day moving average is $0.92 and its two-hundred day moving average is $1.19.

Birks Group Company Profile

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, pearls, and giftware.