Birks Group (NYSE:BGI) Shares Up 4.7% – Time to Buy?

Shares of Birks Group Inc. (NYSE:BGI) shot up 4.7% during trading on Wednesday . The company traded as high as $0.7899 and last traded at $0.78. 12,195 shares changed hands during mid-day trading, a decline of 62% from the average session volume of 31,698 shares. The stock had previously closed at $0.7449.

Birks Group Stock Up 4.7%

The stock’s fifty day simple moving average is $0.77 and its 200 day simple moving average is $0.96.

Birks Group Company Profile

Birks Group Inc (NYSE: BGI) is a Canadian-based luxury jewellery retailer specializing in fine jewellery, timepieces and other high-end accessories. The company offers a curated selection of diamond engagement rings, gold and platinum jewellery, pearls, gemstones and designer watches from renowned brands. Through its flagship Birks and Maison Birks stores, as well as its e-commerce platform, the company caters to customers seeking both classic and contemporary luxury pieces.

Founded in 1879 by Henry Birks in Montreal, Birks Group has grown from a single local jeweller into a national retail network.