Business

Notable News Spotlight: Briggs & Stratton Corporation (NYSE:BGG)

Briggs & Stratton Corporation (NYSE:BGG) stock reported trading -87.40% off 52-week high price. On the other end, the stock has been noted 6.47% away from low price over the last 52-weeks. The stock disclosed a move of -46.07% away from 50 day moving average and -69.97% away from 200 day moving average. Moving closer, we can see that shares have been trading -27.96% off 20-day moving average. It has market cap of $84.22M and dividend yield of 11.05%.

On March 31, 2020, Briggs & Stratton Corporation (NYSE:BGG) declared a business update related to the COVID-19 pandemic.

To protect the health, safety and well-being of its employees, customers, channel partners and the public, the company continues to implement preventative measures while also seeking to meet the needs of its global customers as an essential supplier to their businesses. These measures include more frequent and deeper cleaning of facilities; using appropriate social distancing practices; working remotely when possible; restricting business travel; cancelling certain events; and restricting visitor access to facilities.

In response to the spread of COVID-19, uncertain economic conditions resulting in reduced demand and potential constraints on its supply chain, the company is reducing manufacturing activity at several of its manufacturing facilities and has temporarily shut down others. The company is also taking other actions to manage operating expenses in this fluid business environment. It will continue to monitor the situation and adjust manufacturing and other operations as the situation warrants.

The USA based company Briggs & Stratton Corporation moved with change of 1.69% to $1.81 with the total traded volume of 996129 shares in recent session versus to an average volume of 1.54M shares. The stock was observed in the 5 days activity at -22.65%. The one month performance of stock was -42.72%. BGG’s shares are at -72.32% for the quarter and driving a -85.14% return over the course of the past year and is now at -72.82% since this point in 2018.  Right now the stock beta is 1.48. The average volatility for the week and month was at 13.90% and 13.98% respectively. There are 46.53M shares outstanding and 40.58M shares are floated in market.

Leave a Reply

Your email address will not be published. Required fields are marked *