Beasley Broadcast Group (NASDAQ:BBGI) Shares Pass Above Two Hundred Day Moving Average – Should You Sell?

Beasley Broadcast Group, Inc. (NASDAQ:BBGI)’s share price crossed above its 200-day moving average during trading on Wednesday . The stock has a 200-day moving average of $4.98 and traded as high as $7.38. Beasley Broadcast Group shares last traded at $6.80, with a volume of 252,742 shares.

Beasley Broadcast Group Trading Up 10.6%

The firm has a market cap of $12.24 million, a P/E ratio of -1.34 and a beta of 0.47. The company has a debt-to-equity ratio of 1.65, a quick ratio of 1.11 and a current ratio of 1.11. The firm has a fifty day moving average of $4.69 and a 200-day moving average of $4.98.

Beasley Broadcast Group (NASDAQ:BBGI) last issued its quarterly earnings data on Tuesday, August 12th. The company reported ($0.09) EPS for the quarter. The company had revenue of $53.00 million for the quarter. Beasley Broadcast Group had a negative return on equity of 2.57% and a negative net margin of 3.72%.

Institutional Trading of Beasley Broadcast Group

An institutional investor recently bought a new position in Beasley Broadcast Group stock. Osaic Holdings Inc. bought a new stake in shares of Beasley Broadcast Group, Inc. (NASDAQ:BBGI) in the second quarter, according to its most recent Form 13F filing with the SEC. The fund bought 20,108 shares of the company’s stock, valued at approximately $83,000. Osaic Holdings Inc. owned 1.12% of Beasley Broadcast Group as of its most recent SEC filing. Hedge funds and other institutional investors own 21.73% of the company’s stock.

About Beasley Broadcast Group

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.