Blue Star Foods Corp. (OTCMKTS:BSFC – Get Rating) shares dropped 3.6% on Wednesday . The stock traded as low as $1.16 and last traded at $1.33. Approximately 2,032,714 shares were traded during mid-day trading, an increase of 1,102% from the average daily volume of 169,162 shares. The stock had previously closed at $1.38.
Wall Street Analyst Weigh In
Separately, EF Hutton Acquisition Co. I lowered their price target on shares of Blue Star Foods from $2.50 to $1.00 and set a “buy” rating for the company in a research report on Thursday, April 20th.
Blue Star Foods Price Performance
The stock’s 50-day moving average is $0.13 and its 200 day moving average is $0.24. The company has a debt-to-equity ratio of 0.21, a current ratio of 0.80 and a quick ratio of 0.32. The company has a market cap of $63.43 million, a PE ratio of -2.46 and a beta of 1.97.
Institutional Trading of Blue Star Foods
A number of hedge funds and other institutional investors have recently made changes to their positions in the business. Virtu Financial LLC purchased a new position in Blue Star Foods during the first quarter valued at $31,000. Sequoia Financial Advisors LLC purchased a new position in Blue Star Foods during the first quarter valued at $39,000. State Street Corp purchased a new position in Blue Star Foods during the first quarter valued at $45,000. Finally, Vanguard Group Inc. lifted its holdings in Blue Star Foods by 27.7% during the third quarter. Vanguard Group Inc. now owns 88,990 shares of the company’s stock valued at $56,000 after purchasing an additional 19,289 shares in the last quarter. Institutional investors and hedge funds own 1.35% of the company’s stock.
About Blue Star Foods
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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