Beasley Broadcast Group (NASDAQ:BBGI) Shares Cross Above Two Hundred Day Moving Average – Here’s Why

Beasley Broadcast Group, Inc. (NASDAQ:BBGI)’s stock price passed above its two hundred day moving average during trading on Thursday . The stock has a two hundred day moving average of $4.96 and traded as high as $5.75. Beasley Broadcast Group shares last traded at $5.55, with a volume of 16,580 shares trading hands.

Beasley Broadcast Group Stock Performance

The stock has a market capitalization of $10.01 million, a price-to-earnings ratio of -1.09 and a beta of 0.44. The company has a quick ratio of 1.11, a current ratio of 1.11 and a debt-to-equity ratio of 1.65. The stock’s 50-day simple moving average is $4.85 and its 200 day simple moving average is $4.96.

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

Hedge Funds Weigh In On Beasley Broadcast Group

An institutional investor recently bought a new position in Beasley Broadcast Group stock. Osaic Holdings Inc. bought a new position in Beasley Broadcast Group, Inc. (NASDAQ:BBGI) in the second quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund bought 20,108 shares of the company’s stock, valued at approximately $83,000. Osaic Holdings Inc. owned about 1.12% of Beasley Broadcast Group at the end of the most recent quarter. 21.73% of the stock is currently owned by institutional investors.

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