Baosheng Media Group (NASDAQ:BAOS) Shares Down 6.7% – Should You Sell?

Baosheng Media Group Holdings Limited (NASDAQ:BAOS)’s stock price was down 6.7% on Wednesday . The stock traded as low as $2.80 and last traded at $3.07. Approximately 85,953 shares were traded during mid-day trading, an increase of 267% from the average daily volume of 23,446 shares. The stock had previously closed at $3.29.

Analyst Upgrades and Downgrades

Separately, Weiss Ratings restated a “sell (d-)” rating on shares of Baosheng Media Group in a report on Wednesday, October 8th. One investment analyst has rated the stock with a Sell rating, According to data from MarketBeat, the stock presently has an average rating of “Sell”.

Baosheng Media Group Stock Down 6.7%

The firm’s fifty day moving average price is $2.93 and its 200 day moving average price is $3.00.

Baosheng Media Group (NASDAQ:BAOS) last posted its earnings results on Friday, November 28th. The company reported ($1.36) earnings per share for the quarter. The company had revenue of $0.14 million for the quarter.

About Baosheng Media Group

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.