Beasley Broadcast Group (NASDAQ:BBGI) Shares Pass Above 200-Day Moving Average – Here’s Why

Beasley Broadcast Group, Inc. (NASDAQ:BBGI) passed above its two hundred day moving average during trading on Friday . The stock has a two hundred day moving average of $0.00 and traded as high as $8.49. Beasley Broadcast Group shares last traded at $8.49, with a volume of 5,504 shares changing hands.

Analysts Set New Price Targets

Separately, StockNews.com initiated coverage on shares of Beasley Broadcast Group in a research report on Saturday. They set a “hold” rating for the company.

Beasley Broadcast Group Stock Up 0.1 %

The company has a current ratio of 1.60, a quick ratio of 1.60 and a debt-to-equity ratio of 1.82. The company’s 50-day moving average is $9.67. The stock has a market cap of $13.04 million, a price-to-earnings ratio of 5.08 and a beta of 0.88.

Beasley Broadcast Group (NASDAQ:BBGI) last announced its earnings results on Tuesday, November 5th. The company reported ($2.33) earnings per share (EPS) for the quarter. Beasley Broadcast Group had a negative return on equity of 5.12% and a net margin of 1.07%. The business had revenue of $58.19 million for the quarter, compared to analyst estimates of $61.10 million. During the same period last year, the firm earned $1.80 EPS. Research analysts forecast that Beasley Broadcast Group, Inc. will post -1.2 earnings per share for the current fiscal year.

About Beasley Broadcast Group

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.