Blue Star Foods Corp. (OTCMKTS:BSFC – Get Rating) shares traded down 6.3% on Monday . The company traded as low as $0.44 and last traded at $0.45. 14,787 shares were traded during mid-day trading, a decline of 86% from the average session volume of 102,790 shares. The stock had previously closed at $0.48.
Wall Street Analyst Weigh In
Separately, Roth Capital started coverage on shares of Blue Star Foods in a research note on Thursday, November 3rd. They set a "buy" rating and a $3.00 price target on the stock.
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Blue Star Foods Stock Down 6.3 %
The company has a current ratio of 1.06, a quick ratio of 0.45 and a debt-to-equity ratio of 0.24. The company's 50-day moving average is $0.63 and its two-hundred day moving average is $0.95.
Blue Star Foods (OTCMKTS:BSFC – Get Rating) last issued its quarterly earnings results on Tuesday, November 15th. The company reported ($0.10) earnings per share for the quarter, missing the consensus estimate of ($0.07) by ($0.03). Blue Star Foods had a negative return on equity of 79.64% and a negative net
margin of 62.85%. The business had revenue of $2.43 million for the quarter, compared to analysts' expectations of $3.55 million. On average, sell-side analysts anticipate that Blue Star Foods Corp. will post -0.3 EPS for the current fiscal year.
Hedge Funds Weigh In On Blue Star Foods
A number of institutional investors and hedge funds have recently modified their holdings of the stock. Sequoia Financial Advisors LLC bought a new stake in Blue Star Foods during the 1st quarter valued at $39,000. Vanguard Group Inc. acquired a new position in shares of Blue Star Foods in the first quarter valued at about $118,000. State Street Corp purchased a new position in Blue Star Foods during the 1st quarter worth approximately $45,000. Finally, Virtu Financial LLC purchased a new position in Blue Star Foods during the 1st quarter worth approximately $38,000. Hedge funds and other institutional investors own 4.88% of the company's stock.
Blue Star Foods Company Profile
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Blue Star Foods Corp., through its subsidiaries, operates as a marine protein company in the United States and Canada. The company imports, packages, and sells refrigerated pasteurized various crab meats sourced primarily from Southeast Asia; and other premium seafood products. It sells its products primarily to food service distributors, as well as wholesalers, retail establishments, and seafood distributors under the Blue Star, Pacifika, Oceanica, Crab & Go Premium Seafood, Lubkin, First Choice, Good Stuff, Coastal Pride Fresh, and Little Cedar Falls brands.
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