Baosheng Media Group (NASDAQ:BAOS) Trading Down 6.7% – Should You Sell?

Shares of Baosheng Media Group Holdings Limited (NASDAQ:BAOS) fell 6.7% on Wednesday . The company traded as low as $2.80 and last traded at $3.07. 85,953 shares traded hands during mid-day trading, an increase of 267% from the average session volume of 23,446 shares. The stock had previously closed at $3.29.

Wall Street Analysts Forecast Growth

Separately, Weiss Ratings reiterated a “sell (d-)” rating on shares of Baosheng Media Group in a research report on Wednesday, October 8th. One investment analyst has rated the stock with a Sell rating, According to MarketBeat, the company has a consensus rating of “Sell”.

Baosheng Media Group Price Performance

The firm has a fifty day moving average of $2.93 and a 200 day moving average of $3.00.

Baosheng Media Group (NASDAQ:BAOS) last issued its earnings results on Friday, November 28th. The company reported ($1.36) earnings per share (EPS) for the quarter. The business had revenue of $0.14 million during the quarter.

About Baosheng Media Group

Baosheng Media Group is a China-based animation and digital entertainment company focused on the creation, production and distribution of original animated content and digital comics. The company develops proprietary intellectual property (IP) and oversees the full production cycle, from storyboarding and character design to animation, post-production and voice-over recording.

Baosheng Media partners with leading digital streaming platforms such as Tencent Video, iQiyi and Bilibili to deliver its animation series and serialized comics to audiences across mainland China.