Beasley Broadcast Group (NASDAQ:BBGI) Share Price Crosses Above Two Hundred Day Moving Average – Here’s What Happened

Beasley Broadcast Group, Inc. (NASDAQ:BBGI)’s share price crossed above its 200-day moving average during trading on Thursday . The stock has a 200-day moving average of $0.00 and traded as high as $14.95. Beasley Broadcast Group shares last traded at $13.70, with a volume of 34,278 shares traded.

Analyst Ratings Changes

Separately, StockNews.com assumed coverage on shares of Beasley Broadcast Group in a research note on Friday. They issued a “hold” rating on the stock.

Beasley Broadcast Group Stock Performance

The company has a debt-to-equity ratio of 1.78, a current ratio of 1.77 and a quick ratio of 1.77. The company has a market cap of $403.94 million, a P/E ratio of -5.57 and a beta of 0.99.

Beasley Broadcast Group (NASDAQ:BBGI) last released its earnings results on Monday, August 12th. The company reported ($0.20) earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of ($0.60) by $0.40. The business had revenue of $60.44 million for the quarter, compared to analyst estimates of $60.80 million. Beasley Broadcast Group had a negative return on equity of 0.96% and a negative net margin of 25.52%. During the same quarter in the previous year, the company posted ($1.60) earnings per share. As a group, equities research analysts predict that Beasley Broadcast Group, Inc. will post -1.2 earnings per share for the current year.

Hedge Funds Weigh In On Beasley Broadcast Group

An institutional investor recently bought a new position in Beasley Broadcast Group stock. Mount Yale Investment Advisors LLC acquired a new position in shares of Beasley Broadcast Group, Inc. (NASDAQ:BBGI) during the first quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor acquired 44,000 shares of the company’s stock, valued at approximately $34,000. Mount Yale Investment Advisors LLC owned 0.15% of Beasley Broadcast Group at the end of the most recent reporting period. 21.73% of the stock is currently owned by institutional investors.

Beasley Broadcast Group Company Profile

Beasley Broadcast Group, Inc, a multi-platform media company, owns and operates radio stations in the United States. The company offers local and national advertisers integrated marketing solutions across audio, digital, and event platforms. It operates Houston Outlaws, an esports team that competes in the Overwatch League; and an esports team that competes in the Rocket League.