Beasley Broadcast Group (NASDAQ:BBGI) Share Price Crosses Above Two Hundred Day Moving Average – What’s Next?

Beasley Broadcast Group, Inc. (NASDAQ:BBGI)’s share price passed above its 200-day moving average during trading on Thursday . The stock has a 200-day moving average of $0.00 and traded as high as $7.98. Beasley Broadcast Group shares last traded at $7.80, with a volume of 1,360 shares trading hands.

Analyst Ratings Changes

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

Beasley Broadcast Group Stock Up 4.2 %

The company has a market capitalization of $12.51 million, a price-to-earnings ratio of 4.87 and a beta of 0.86. The stock’s 50 day moving average price is $8.63. The company has a current ratio of 1.60, a quick ratio of 1.60 and a debt-to-equity ratio of 1.82.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently made changes to their positions in BBGI. Gamco Investors INC. ET AL increased its stake in shares of Beasley Broadcast Group by 60.7% in the fourth quarter. Gamco Investors INC. ET AL now owns 59,691 shares of the company’s stock valued at $562,000 after buying an additional 22,536 shares during the period. Geode Capital Management LLC increased its stake in shares of Beasley Broadcast Group by 25.7% in the fourth quarter. Geode Capital Management LLC now owns 20,733 shares of the company’s stock valued at $192,000 after buying an additional 4,240 shares during the period. Finally, Gabelli Funds LLC increased its stake in shares of Beasley Broadcast Group by 12.6% in the fourth quarter. Gabelli Funds LLC now owns 25,900 shares of the company’s stock valued at $244,000 after buying an additional 2,900 shares during the period. Institutional investors and hedge funds own 21.73% of the company’s stock.

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.