Big 5 Sporting Goods (NASDAQ:BGFV) Stock Passes Above 200-Day Moving Average – Should You Sell?

Big 5 Sporting Goods Corporation (NASDAQ:BGFV)’s stock price crossed above its two hundred day moving average during trading on Thursday . The stock has a two hundred day moving average of $1.27 and traded as high as $1.43. Big 5 Sporting Goods shares last traded at $1.42, with a volume of 220,988 shares trading hands.

Big 5 Sporting Goods Stock Up 0.8%

The company has a 50-day simple moving average of $1.17 and a 200-day simple moving average of $1.27. The firm has a market cap of $32.47 million, a PE ratio of -0.40 and a beta of 2.03. The company has a debt-to-equity ratio of 0.25, a current ratio of 1.38 and a quick ratio of 0.09.

Big 5 Sporting Goods (NASDAQ:BGFV) last announced its quarterly earnings results on Tuesday, April 29th. The company reported ($0.78) earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of ($0.80) by $0.02. The firm had revenue of $175.65 million during the quarter. Big 5 Sporting Goods had a negative return on equity of 29.41% and a negative net margin of 10.03%. Analysts expect that Big 5 Sporting Goods Corporation will post -3.16 earnings per share for the current fiscal year.

Institutional Trading of Big 5 Sporting Goods

A number of large investors have recently modified their holdings of the company. Bridgeway Capital Management LLC boosted its holdings in shares of Big 5 Sporting Goods by 12.0% in the fourth quarter. Bridgeway Capital Management LLC now owns 309,830 shares of the company’s stock valued at $555,000 after purchasing an additional 33,113 shares during the period. Two Sigma Investments LP boosted its holdings in shares of Big 5 Sporting Goods by 33.6% in the fourth quarter. Two Sigma Investments LP now owns 133,859 shares of the company’s stock valued at $240,000 after purchasing an additional 33,641 shares during the period. Jane Street Group LLC boosted its holdings in shares of Big 5 Sporting Goods by 63.4% in the fourth quarter. Jane Street Group LLC now owns 89,005 shares of the company’s stock valued at $159,000 after purchasing an additional 34,524 shares during the period. Squarepoint Ops LLC lifted its holdings in Big 5 Sporting Goods by 388.7% during the fourth quarter. Squarepoint Ops LLC now owns 71,627 shares of the company’s stock worth $128,000 after buying an additional 56,971 shares during the period. Finally, Two Sigma Advisers LP lifted its holdings in Big 5 Sporting Goods by 246.7% during the fourth quarter. Two Sigma Advisers LP now owns 83,900 shares of the company’s stock worth $150,000 after buying an additional 59,700 shares during the period. Hedge funds and other institutional investors own 41.98% of the company’s stock.

About Big 5 Sporting Goods

Big 5 Sporting Goods Corporation operates as a sporting goods retailer in the western United States. Its products include athletic shoes, apparel, and accessories. The company also offers a selection of outdoor and athletic equipment for team sports, fitness, camping, hunting, fishing, tennis, golf, and winter and summer recreation, as well as home recreation.