Berkshire Grey, Inc. (NASDAQ:BGRY – Get Rating)’s stock price rose 8.3% on Friday after the company announced better than expected quarterly earnings. The stock traded as high as $2.36 and last traded at $2.36. Approximately 2,924 shares traded hands during trading, a decline of 100% from the average daily volume of 1,486,900 shares. The stock had previously closed at $2.18.
The company reported ($0.13) EPS for the quarter, beating the consensus estimate of ($0.15) by $0.02.
Institutional Trading of Berkshire Grey
Large investors have recently added to or reduced their stakes in the company. Charles Schwab Investment Management Inc. grew its position in Berkshire Grey by 2.5% during the 1st quarter. Charles Schwab Investment Management Inc. now owns 201,346 shares of the company’s stock worth $580,000 after acquiring an additional 5,006 shares during the last quarter. State Street Corp lifted its position in Berkshire Grey by 4.8% during the 1st quarter. State Street Corp now owns 152,266 shares of the company’s stock worth $439,000 after buying an additional 7,011 shares in the last quarter. Goldman Sachs Group Inc. grew its holdings in Berkshire Grey by 20.5% during the 1st quarter. Goldman Sachs Group Inc. now owns 46,144 shares of the company’s stock worth $133,000 after acquiring an additional 7,841 shares during the last quarter. Swiss National Bank increased its position in Berkshire Grey by 8.1% in the 1st quarter. Swiss National Bank now owns 105,900 shares of the company’s stock valued at $305,000 after acquiring an additional 7,900 shares in the last quarter. Finally, Raymond James Financial Services Advisors Inc. bought a new position in shares of Berkshire Grey in the first quarter worth about $31,000. 81.41% of the stock is owned by institutional investors.
Berkshire Grey Trading Up 10.6 %
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The company has a debt-to-equity ratio of 0.07, a quick ratio of 3.17 and a current ratio of 3.23. The stock’s 50-day moving average price is $1.88 and its 200-day moving average price is $2.52.
About Berkshire Grey
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.
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Read More: Berkshire Grey (NASDAQ:BGRY) Shares Up 8.3% Following Earnings Beat