Beasley Broadcast Group (NASDAQ:BBGI) Share Price Crosses Above Two Hundred Day Moving Average – Should You Sell?

Shares of Beasley Broadcast Group, Inc. (NASDAQ:BBGI) crossed above its 200-day moving average during trading on Wednesday . The stock has a 200-day moving average of $5.08 and traded as high as $15.50. Beasley Broadcast Group shares last traded at $13.72, with a volume of 286,885 shares traded.

Analysts Set New Price Targets

Separately, Weiss Ratings reaffirmed a “sell (d)” rating on shares of Beasley Broadcast Group in a report on Friday, March 27th. One research analyst has rated the stock with a Sell rating, According to MarketBeat.com, the stock presently has an average rating of “Sell”.

Beasley Broadcast Group Trading Down 7.0%

The stock has a market cap of $24.70 million, a price-to-earnings ratio of -0.13 and a beta of 0.34. The business’s fifty day simple moving average is $4.74 and its 200 day simple moving average is $5.08. The company has a debt-to-equity ratio of 1.68, a current ratio of 1.00 and a quick ratio of 1.00.

Hedge Funds Weigh In On Beasley Broadcast Group

A number of hedge funds have recently added to or reduced their stakes in the business. HRT Financial LP acquired a new position in Beasley Broadcast Group in the fourth quarter worth $129,000. Susquehanna International Group LLP acquired a new position in Beasley Broadcast Group in the third quarter worth $85,000. Gamco Investors INC. ET AL boosted its holdings in Beasley Broadcast Group by 22.3% in the third quarter. Gamco Investors INC. ET AL now owns 56,154 shares of the company’s stock worth $296,000 after purchasing an additional 10,238 shares during the period. Finally, Osaic Holdings Inc. acquired a new position in Beasley Broadcast Group in the second quarter worth $83,000. Institutional investors and hedge funds own 21.73% of the company’s stock.

Beasley Broadcast Group Company Profile

Beasley Broadcast Group, Inc is a diversified media company primarily engaged in the ownership, operation and licensing of radio broadcast stations across the United States. Headquartered in Naples, Florida, the company provides local and regional audiences with a mix of music, news, talk and sports programming designed to serve diverse demographic markets. Through its portfolio of stations, Beasley generates advertising revenues by offering on-air spots, sponsorships and promotional partnerships to national and local advertisers.

In addition to traditional over-the-air programming, Beasley Broadcast Group offers digital services that include live audio streaming, podcast production, mobile apps and website content for many of its radio brands.