Beasley Broadcast Group (NASDAQ:BBGI) Stock Price Passes Above 200 Day Moving Average of $0.99

Beasley Broadcast Group, Inc. (NASDAQ:BBGI) shares crossed above its two hundred day moving average during trading on Monday . The stock has a two hundred day moving average of $0.99 and traded as high as $1.07. Beasley Broadcast Group shares last traded at $0.97, with a volume of 25,700 shares.

Wall Street Analyst Weigh In

Separately, StockNews.com began coverage on shares of Beasley Broadcast Group in a research report on Tuesday. They set a “hold” rating on the stock.

Beasley Broadcast Group Trading Down 2.0 %

The firm’s 50-day moving average price is $1.01 and its 200 day moving average price is $0.99. The company has a debt-to-equity ratio of 1.35, a current ratio of 1.72 and a quick ratio of 1.72.

Beasley Broadcast Group (NASDAQ:BBGI) last released its quarterly earnings results on Thursday, August 3rd. The company reported ($0.08) EPS for the quarter, missing the consensus estimate of ($0.07) by ($0.01). The business had revenue of $63.46 million during the quarter, compared to analyst estimates of $63.65 million. Beasley Broadcast Group had a negative net margin of 15.29% and a positive return on equity of 1.57%. Equities analysts anticipate that Beasley Broadcast Group, Inc. will post 0.14 EPS for the current fiscal year.

Institutional Trading of Beasley Broadcast Group

Several large investors have recently modified their holdings of the business. Renaissance Technologies LLC grew its position in shares of Beasley Broadcast Group by 6.9% in the second quarter. Renaissance Technologies LLC now owns 154,321 shares of the company’s stock valued at $157,000 after purchasing an additional 10,000 shares during the last quarter. Gabelli Funds LLC lifted its stake in shares of Beasley Broadcast Group by 9.5% during the second quarter. Gabelli Funds LLC now owns 261,000 shares of the company’s stock valued at $266,000 after buying an additional 22,636 shares during the period. Atlas Wealth Partners LLC purchased a new position in shares of Beasley Broadcast Group during the second quarter valued at approximately $26,000. Signaturefd LLC lifted its stake in shares of Beasley Broadcast Group by 20.5% during the first quarter. Signaturefd LLC now owns 73,910 shares of the company’s stock valued at $61,000 after buying an additional 12,580 shares during the period. Finally, Raymond James Financial Services Advisors Inc. purchased a new position in shares of Beasley Broadcast Group during the first quarter valued at approximately $27,000. 9.68% of the stock is currently owned by institutional investors and hedge funds.

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 also operates Houston Outlaws, an esports team that competes in the Overwatch League; and an esports team that competes in the Rocket League.