Berkshire Grey Inc Down 14.52% To $2.36 After Earnings

Berkshire Grey Inc (BGRY) said before open Thursday that it broke even in quarter two 2022.

The stock is down 14.52% to $2.36 after the report.

The firm's lower revenue growth to earnings signals that the firm has been able to reduce costs and improve its profit margin overall.

Wall Street Analysts had an average rating of Buy on the stock prior to the report.

Trading in the five days leading up to the report earned Berkshire Grey Inc a Bullish Sentiment Rank from InvestorsObserver.

Berkshire Grey Inc has performed a little above average during the past few months. Before the report, Berkshire Grey Inc received a Long-Term Technical Rank by InvestorsObserver of 66, putting it in the top half of stocks. The firm was recently trading at a 52-week low of $1.4 on July 5, 2022 and set a 52-week high on August 24, 2021 at $9.56.

Berkshire Grey Inc helps customers delivering game-changing technology that combines AI and robotics to automate fulfillment, supply chain, and logistics operations. Its solutions are a fundamental engine of change that transforms pick, pack, move, store, organize and sort operations to deliver a competitive advantage for enterprises.