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

Big 5 Sporting Goods Corporation (NASDAQ:BGFV) shares passed above its two hundred day moving average during trading on Wednesday . 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 $1.42, with a volume of 40,229 shares.

Big 5 Sporting Goods Stock Down 0.7%

The company has a quick ratio of 0.12, a current ratio of 1.55 and a debt-to-equity ratio of 0.59. The company’s fifty day simple moving average is $1.39 and its 200 day simple moving average is $1.19. The firm has a market capitalization of $32.55 million, a PE ratio of -0.34 and a beta of 1.44.

Big 5 Sporting Goods (NASDAQ:BGFV) last announced its quarterly earnings data on Tuesday, July 29th. The company reported ($0.92) earnings per share for the quarter, missing analysts’ consensus estimates of ($0.82) by ($0.10). The business 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 anticipate that Big 5 Sporting Goods Corporation will post -3.16 earnings per share for the current fiscal year.

Institutional Investors Weigh In On Big 5 Sporting Goods

Hedge funds and other institutional investors have recently bought and sold shares of the business. XTX Topco Ltd purchased a new stake in Big 5 Sporting Goods in the second quarter worth about $56,000. Jane Street Group LLC purchased a new stake in Big 5 Sporting Goods in the second quarter worth about $63,000. Squarepoint Ops LLC grew its holdings in Big 5 Sporting Goods by 388.7% in the fourth quarter. Squarepoint Ops LLC now owns 71,627 shares of the company’s stock worth $128,000 after purchasing an additional 56,971 shares during the period. Two Sigma Advisers LP grew its holdings in 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 worth $150,000 after purchasing an additional 59,700 shares during the period. Finally, Two Sigma Investments LP grew its holdings in 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 worth $240,000 after purchasing an additional 33,641 shares during the period. Hedge funds and other institutional investors own 41.98% of the company’s stock.

Big 5 Sporting Goods Company Profile

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.