Binah Capital Group (NASDAQ:BCG) Stock Price Up 2.5% – What’s Next?

Binah Capital Group, Inc. (NASDAQ:BCGGet Free Report) rose 2.5% during mid-day trading on Wednesday . The stock traded as high as $2.06 and last traded at $2.06. Approximately 3,764 shares changed hands during mid-day trading, a decline of 27% from the average daily volume of 5,173 shares. The stock had previously closed at $2.01.

Analyst Ratings Changes

Separately, Weiss Ratings reissued a “sell (d)” rating on shares of Binah Capital Group in a research note on Monday, December 29th. One investment analyst has rated the stock with a Sell rating, According to data from MarketBeat.com, the company presently has a consensus rating of “Sell”.

Read Our Latest Report on Binah Capital Group

Binah Capital Group Trading Up 2.5%

The stock has a market cap of $34.20 million, a price-to-earnings ratio of 68.69 and a beta of 0.34. The company has a fifty day simple moving average of $2.27 and a 200-day simple moving average of $2.11.

Institutional Investors Weigh In On Binah Capital Group

A hedge fund recently bought a new stake in Binah Capital Group stock. GRIMES & Co WEALTH MANAGEMENT LLC bought a new stake in shares of Binah Capital Group, Inc. (NASDAQ:BCGFree Report) during the 3rd quarter, according to its most recent Form 13F filing with the SEC. The fund bought 33,482 shares of the company’s stock, valued at approximately $58,000. GRIMES & Co WEALTH MANAGEMENT LLC owned 0.20% of Binah Capital Group as of its most recent SEC filing. 4.97% of the stock is currently owned by institutional investors and hedge funds.

Binah Capital Group Company Profile

(Get Free Report)

Binah Capital Group, Inc, together with its subsidiaries, operates in the wealth management industry. The company provides access to stock, bond, exchange-traded fund, and options execution services; and research, compliance, supervision, and accounting and related services for financial advisors. It also offers mutual funds and insurance products, as well as alternative investments, such as non-traded real estate investment trusts, unit trusts, and fixed and variable annuities. The company was founded in 2016 and is headquartered in Albany, New York.

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