Berkshire Grey, Inc. (NASDAQ:BGRY – Get Rating) was the target of unusually large options trading on Wednesday. Traders acquired 1,113 put options on the stock. This represents an increase of 1,084% compared to the average daily volume of 94 put options.
Shares of BGRY opened at $2.01 on Thursday. The business has a fifty day moving average of $2.73 and a 200 day moving average of $3.92. Berkshire Grey has a 52-week low of $1.88 and a 52-week high of $10.55. The company has a debt-to-equity ratio of 0.07, a quick ratio of 3.17 and a current ratio of 3.23.
Berkshire Grey (NASDAQ:BGRY – Get Rating) last issued its quarterly earnings results on Tuesday, March 29th. The company reported ($0.16) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of ($0.13) by ($0.03). As a group, equities research analysts forecast that Berkshire Grey will post -0.56 EPS for the current fiscal year.
Institutional investors and hedge funds have recently modified their holdings of the stock. Citigroup Inc. bought a new stake in Berkshire Grey in the third quarter worth $26,000. Penserra Capital Management LLC bought a new stake in Berkshire Grey during the third quarter valued at about $29,000. Royal Bank of Canada acquired a new stake in Berkshire Grey in the third quarter worth about $31,000. Raymond James Financial Services Advisors Inc. acquired a new stake in shares of Berkshire Grey during the first quarter worth about $31,000. Finally, Advisor Group Holdings Inc. acquired a new stake in shares of Berkshire Grey during the third quarter worth about $34,000. Institutional investors own 81.41% of the company’s stock.
A number of research firms have recently commented on BGRY. Zacks Investment Research downgraded Berkshire Grey from a “hold” rating to a “sell” rating in a research report on Tuesday. Credit Suisse Group lowered their target price on Berkshire Grey from $10.00 to $8.00 and set an “outperform” rating for the company in a research report on Wednesday, March 30th. Finally, Craig Hallum lowered their target price on Berkshire Grey from $15.00 to $8.00 in a research report on Wednesday, March 30th.
About Berkshire Grey (Get Rating)
Berkshire Grey, Inc, an intelligent enterprise robotics company, provides AI-enabled robotic solutions that automate supply chain operations in the United States and Japan. The company’s solutions automate filling ecommerce orders for consumers or businesses, filling orders to resupply retail stores and groceries, and handling packages shipped to fill those orders.