StockNews.com Begins Coverage on Beasley Broadcast Group (NASDAQ:BBGI)

StockNews.com started coverage on shares of Beasley Broadcast Group (NASDAQ:BBGIGet Free Report) in a research report issued on Monday. The firm set a “hold” rating on the stock.

Beasley Broadcast Group Price Performance

Shares of NASDAQ:BBGI opened at $0.65 on Monday. The company has a market capitalization of $19.72 million, a PE ratio of -0.27 and a beta of 1.03. The company has a debt-to-equity ratio of 1.77, a quick ratio of 1.92 and a current ratio of 1.92. The stock has a fifty day moving average of $0.72 and a 200-day moving average of $0.79. Beasley Broadcast Group has a one year low of $0.60 and a one year high of $1.28.

Institutional Investors Weigh In On Beasley Broadcast Group

An institutional investor recently bought a new position in Beasley Broadcast Group stock. Mount Yale Investment Advisors LLC purchased a new stake in shares of Beasley Broadcast Group, Inc. (NASDAQ:BBGIFree Report) during the first quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund purchased 44,000 shares of the company’s stock, valued at approximately $34,000. Mount Yale Investment Advisors LLC owned approximately 0.15% of Beasley Broadcast Group at the end of the most recent quarter. Hedge funds and other institutional investors own 21.73% of the company’s stock.

About Beasley Broadcast Group

(Get Free Report)

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.

Further Reading

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