B. Riley Financial (NASDAQ:RILY) Stock Passes Above 50 Day Moving Average – Time to Sell?

B. Riley Financial, Inc. (NASDAQ:RILY) shares passed above its 50 day moving average during trading on Wednesday . The stock has a 50 day moving average of $7.25 and traded as high as $7.40. B. Riley Financial shares last traded at $7.09, with a volume of 1,052,359 shares changing hands.

Analyst Upgrades and Downgrades

A number of brokerages have commented on RILY. Wall Street Zen upgraded B. Riley Financial from a “hold” rating to a “buy” rating in a report on Saturday, January 31st. Weiss Ratings restated a “sell (e+)” rating on shares of B. Riley Financial in a research note on Monday, December 29th. One research analyst has rated the stock with a Sell rating, Based on data from MarketBeat.com, the stock currently has a consensus rating of “Sell”.

B. Riley Financial Trading Up 8.7%

The company’s 50-day simple moving average is $7.25 and its 200 day simple moving average is $5.99. The stock has a market cap of $221.35 million, a P/E ratio of 1.01 and a beta of 1.27.

B. Riley Financial (NASDAQ:RILY) last released its earnings results on Wednesday, January 14th. The asset manager reported $2.91 earnings per share (EPS) for the quarter. The business had revenue of $75.70 million during the quarter.

Institutional Trading of B. Riley Financial

Hedge funds have recently added to or reduced their stakes in the stock. Farther Finance Advisors LLC purchased a new position in B. Riley Financial in the third quarter valued at about $25,000. Bank of America Corp DE increased its stake in shares of B. Riley Financial by 237.2% during the 3rd quarter. Bank of America Corp DE now owns 6,963 shares of the asset manager’s stock worth $42,000 after purchasing an additional 4,898 shares during the last quarter. Magnus Financial Group LLC bought a new stake in shares of B. Riley Financial in the 4th quarter worth approximately $47,000. Addison Advisors LLC lifted its stake in B. Riley Financial by 37.8% in the second quarter. Addison Advisors LLC now owns 11,545 shares of the asset manager’s stock valued at $34,000 after purchasing an additional 3,165 shares during the last quarter. Finally, Boothbay Fund Management LLC bought a new position in B. Riley Financial during the fourth quarter valued at $60,000. Institutional investors own 50.20% of the company’s stock.

About B. Riley Financial

B. Riley Financial, Inc, headquartered in Los Angeles, California, is a diversified financial services company offering a broad range of advisory and investment solutions to individual, corporate and institutional clients. Since its founding in 1997 by Bryant E. Riley, the firm has expanded its capabilities across two primary segments: financial solutions and operations solutions. Its financial solutions segment provides investment banking services, equity research, merger and acquisition advisory, corporate finance, restructuring advisory and private capital solutions.

In addition to traditional investment banking, B.