Birks Group (NYSEAMERICAN:BGI) Coverage Initiated by Analysts at StockNews.com

StockNews.com began coverage on shares of Birks Group (NYSEAMERICAN:BGI) in a research note issued to investors on Tuesday. The brokerage issued a sell rating on the stock.

Birks Group Trading Up 4.0 %

Shares of BGI traded up $0.10 during trading hours on Tuesday, hitting $2.57. The stock had a trading volume of 2,897 shares, compared to its average volume of 11,128. Birks Group has a fifty-two week low of $2.07 and a fifty-two week high of $5.24.

Institutional Inflows and Outflows

An institutional investor recently raised its position in Birks Group stock. Ingalls & Snyder LLC lifted its stake in Birks Group Inc. (NYSEAMERICAN:BGI) by 70.0% in the 4th quarter, according to the company in its most recent Form 13F filing with the SEC. The fund owned 17,000 shares of the company’s stock after purchasing an additional 7,000 shares during the quarter. Ingalls & Snyder LLC owned about 0.09% of Birks Group worth $80,000 at the end of the most recent reporting period. 0.22% of the stock is owned by institutional investors and hedge funds.

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, and pearls.