Baosheng Media Group (NASDAQ:BAOS) Trading Down 0.4% – Time to Sell?

Shares of Baosheng Media Group Holdings Limited (NASDAQ:BAOS) were down 0.4% during mid-day trading on Monday . The stock traded as low as $2.58 and last traded at $2.58. Approximately 1,032 shares traded hands during trading, a decline of 87% from the average daily volume of 8,209 shares. The stock had previously closed at $2.59.

Analysts Set New Price Targets

Separately, Weiss Ratings reaffirmed a “sell (d-)” rating on shares of Baosheng Media Group in a report on Wednesday, January 21st. One research analyst has rated the stock with a Sell rating, According to MarketBeat, Baosheng Media Group presently has an average rating of “Sell”.

Baosheng Media Group Stock Performance

The firm’s 50-day simple moving average is $2.80 and its two-hundred day simple moving average is $2.99.

Baosheng Media Group Company Profile

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.