Birks Group (NYSE:BGI) Stock Price Down 4.2% – Here’s What Happened

Birks Group Inc. (NYSE:BGI) shares dropped 4.2% during trading on Tuesday . The stock traded as low as $0.78 and last traded at $0.81. Approximately 109,888 shares changed hands during trading, a decline of 29% from the average daily volume of 153,812 shares. The stock had previously closed at $0.84.

Wall Street Analysts Forecast Growth

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

Birks Group Stock Performance

The firm’s 50-day simple moving average is $0.79 and its 200 day simple moving average is $0.93.

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, pearls, and giftware.