Beasley Broadcast Group Stock Scheduled to Reverse Split on Tuesday, September 24th (NASDAQ:BBGI)

Shares of Beasley Broadcast Group, Inc. (NASDAQ:BBGI) are going to reverse split on Tuesday, September 24th. The 1-20 reverse split was announced on Thursday, September 19th. The number of shares owned by shareholders will be adjusted after the market closes on Monday, September 23rd.

Beasley Broadcast Group Trading Down 2.7 %

BBGI stock opened at $0.52 on Friday. The firm has a fifty day moving average price of $0.62 and a 200 day moving average price of $0.68. Beasley Broadcast Group has a fifty-two week low of $0.42 and a fifty-two week high of $1.00. The company has a debt-to-equity ratio of 1.78, a quick ratio of 1.77 and a current ratio of 1.77. The firm has a market cap of $15.79 million, a PE ratio of -0.22 and a beta of 1.00.

Beasley Broadcast Group (NASDAQ:BBGI) last announced its earnings results on Monday, August 12th. The company reported ($0.01) earnings per share for the quarter, beating the consensus estimate of ($0.03) by $0.02. The business had revenue of $60.44 million for the quarter, compared to the consensus estimate of $60.80 million. Beasley Broadcast Group had a negative net margin of 25.52% and a negative return on equity of 0.96%. During the same quarter in the prior year, the firm posted ($0.08) earnings per share. Sell-side analysts anticipate that Beasley Broadcast Group will post -0.06 earnings per share for the current fiscal year.

Analyst Upgrades and Downgrades

Separately, StockNews.com assumed coverage on shares of Beasley Broadcast Group in a report on Sunday, September 15th. They issued a “hold” rating on the stock.

Institutional Inflows and Outflows

A hedge fund recently bought a new stake in Beasley Broadcast Group stock. Mount Yale Investment Advisors LLC bought a new position in Beasley Broadcast Group, Inc. (NASDAQ:BBGI) in the first quarter, according to its most recent filing with the SEC. The firm bought 44,000 shares of the company’s stock, valued at approximately $34,000. Mount Yale Investment Advisors LLC owned approximately 0.15% of Beasley Broadcast Group as of its most recent SEC filing. Hedge funds and other institutional investors own 21.73% of the company’s stock.

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.