Blue Star Foods Corp. (NASDAQ: BSFC) shares are surging on Friday morning, searching for new highs. There were no corporate announcements to influence stock movement on the day.
BSFC shares were trading at $4.5 at the time of writing, up 140 percent from $1.90 on a volume of 41,673,856. The shares have traded in a 52-week range of $1.01-$8.00 on an average volume of 76,835. Blue Star Foods has a market capitalization of $114.5 million and its share volume increased by 541 percent on Friday.
The one-year high price for the company’s stock was $2.2200 in January 2022, with the one-year low price being $1.6000 during the same period.
Price records that include a 52-week history of low and high prices can reveal a lot about the stock’s current status and future performance. Blue Star Foods Corp. shares are currently down -76.25 percent from their 52-week high and up 88.12 percent from their 52-week low. The stock’s 52-week price range managed to keep the performance between $1.01 and $8.00.
The company’s shares, which operate in the Consumer Defensive sector, managed to outperform a trading volume of around 756468 for the day, which was higher than the average daily volume of the shares.
In terms of year-to-date metrics, Blue Star Foods Corp. (BSFC) recorded a market performance of 16.56 percent, with revenues falling by -75.86 percent quarterly compared to the same period the previous year.
Blue Star Foods Corp. is an international seafood company that imports, packages, and sells refrigerated pasteurized crab meat and other premium seafood products primarily from Southeast Asia. It primarily sells to foodservice distributors, wholesalers, retail establishments, and seafood distributors in the United States, Canada, and Europe under the Blue Star, Pacifika, Oceanica, Crab & Go Premium Seafood, Lubkin, First Choice, Good Stuff, Coastal Pride Fresh, and Little Cedar Falls brands. The company was founded in 1995 and is based in Miami, Florida.