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

Big 5 Sporting Goods Corporation (NASDAQ:BGFV) shares passed above its two hundred day moving average during trading on Tuesday . The stock has a two hundred day moving average of $1.19 and traded as high as $1.43. Big 5 Sporting Goods shares last traded at $1.43, with a volume of 125,045 shares traded.

Big 5 Sporting Goods Trading Up 0.4%

The company has a market cap of $32.66 million, a PE ratio of -0.34 and a beta of 1.44. The company has a debt-to-equity ratio of 0.59, a current ratio of 1.55 and a quick ratio of 0.12. The company has a 50-day moving average of $1.37 and a 200 day moving average of $1.19.

Big 5 Sporting Goods (NASDAQ:BGFV) last released its quarterly earnings results on Tuesday, July 29th. The company reported ($0.92) EPS for the quarter, missing the consensus estimate of ($0.82) by ($0.10). The company had revenue of $184.89 million during the quarter. Big 5 Sporting Goods had a negative return on equity of 39.67% and a negative net margin of 12.14%. Analysts predict that Big 5 Sporting Goods Corporation will post -3.16 earnings per share for the current year.

Institutional Investors Weigh In On Big 5 Sporting Goods

Several hedge funds and other institutional investors have recently made changes to their positions in BGFV. XTX Topco Ltd purchased a new stake in shares of Big 5 Sporting Goods in the second quarter valued at $56,000. Jane Street Group LLC purchased a new stake in shares of Big 5 Sporting Goods in the second quarter valued at $63,000. Squarepoint Ops LLC raised its stake in shares of Big 5 Sporting Goods by 388.7% in the fourth quarter. Squarepoint Ops LLC now owns 71,627 shares of the company’s stock valued at $128,000 after acquiring an additional 56,971 shares during the period. Two Sigma Advisers LP raised its stake in shares of Big 5 Sporting Goods by 246.7% in the fourth quarter. Two Sigma Advisers LP now owns 83,900 shares of the company’s stock valued at $150,000 after acquiring an additional 59,700 shares during the period. Finally, Beryl Capital Management LLC purchased a new stake in shares of Big 5 Sporting Goods in the second quarter valued at $202,000. 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.