Briggs & Stratton (NYSE:BGG) Shares Gap Up to $1.46

Shares of Briggs & Stratton Co. (NYSE:BGG) gapped up prior to trading on Monday . The stock had previously closed at $1.59, but opened at $1.46. Briggs & Stratton shares last traded at $1.48, with a volume of 68,978 shares trading hands.

BGG has been the topic of several analyst reports. Northcoast Research downgraded Briggs & Stratton from a “buy” rating to a “sell” rating in a research note on Friday, June 19th. Zacks Investment Research downgraded Briggs & Stratton from a “hold” rating to a “sell” rating in a research note on Thursday, June 11th.

The company has a quick ratio of 0.34, a current ratio of 0.91 and a debt-to-equity ratio of 0.38. The stock has a 50 day moving average of $1.77 and a two-hundred day moving average of $3.14.

Briggs & Stratton (NYSE:BGG) last posted its quarterly earnings results on Thursday, May 7th. The industrial products company reported ($0.26) earnings per share for the quarter, missing the Zacks’ consensus estimate of ($0.06) by ($0.20). Briggs & Stratton had a negative net margin of 12.50% and a negative return on equity of 16.48%. The business had revenue of $473.54 million during the quarter, compared to analysts’ expectations of $521.83 million. As a group, research analysts anticipate that Briggs & Stratton Co. will post -1.83 EPS for the current year.

Several institutional investors have recently bought and sold shares of BGG. Capital Investment Advisory Services LLC acquired a new position in Briggs & Stratton during the first quarter worth $29,000. Connor Clark & Lunn Investment Management Ltd. acquired a new position in Briggs & Stratton during the first quarter worth $29,000. Magnus Financial Group LLC acquired a new position in Briggs & Stratton during the first quarter worth $33,000. Commonwealth of Pennsylvania Public School Empls Retrmt SYS raised its holdings in Briggs & Stratton by 48.4% during the first quarter. Commonwealth of Pennsylvania Public School Empls Retrmt SYS now owns 21,375 shares of the industrial products company’s stock worth $39,000 after purchasing an additional 6,972 shares during the last quarter. Finally, Cim Investment Mangement Inc. acquired a new position in Briggs & Stratton during the first quarter worth $60,000. Hedge funds and other institutional investors own 85.00% of the company’s stock.

Briggs & Stratton Company Profile (NYSE:BGG)

Briggs & Stratton Corporation designs, manufactures, markets, sells, and services gasoline engines for outdoor power equipment to the original equipment manufacturers in the United States. It operates in two segments, Engines and Products. The Engines segment offers four-cycle aluminum alloy gasoline engines that are used primarily by the lawn and garden equipment industry.

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