Binah Capital Group (NASDAQ:BCG) Stock Price Up 2.5% – What’s Next?

Binah Capital Group, Inc. (NASDAQ:BCGGet Free Report)’s share price traded up 2.5% during trading on Wednesday . The stock traded as high as $2.06 and last traded at $2.06. 3,764 shares were traded during mid-day trading, a decline of 27% from the average session volume of 5,173 shares. The stock had previously closed at $2.01.

Analysts Set New Price Targets

Separately, Weiss Ratings reiterated a “sell (d)” rating on shares of Binah Capital Group in a report on Monday, December 29th. One investment analyst has rated the stock with a Sell rating, Based on data from MarketBeat, Binah Capital Group currently has an average rating of “Sell”.

Read Our Latest Stock Report on BCG

Binah Capital Group Price Performance

The firm’s fifty day moving average is $2.27 and its 200 day moving average is $2.11. The firm has a market capitalization of $34.20 million, a price-to-earnings ratio of 68.69 and a beta of 0.34.

Hedge Funds Weigh In On Binah Capital Group

An institutional investor recently raised its position in Binah Capital Group stock. State Street Corp lifted its stake in Binah Capital Group, Inc. (NASDAQ:BCGFree Report) by 54.0% during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 25,100 shares of the company’s stock after acquiring an additional 8,800 shares during the quarter. State Street Corp owned approximately 0.15% of Binah Capital Group worth $72,000 as of its most recent filing with the Securities and Exchange Commission. Institutional investors and hedge funds own 4.97% of the company’s stock.

Binah Capital Group Company Profile

(Get Free Report)

Binah Capital Group, Inc, together with its subsidiaries, operates in the wealth management industry. The company provides access to stock, bond, exchange-traded fund, and options execution services; and research, compliance, supervision, and accounting and related services for financial advisors. It also offers mutual funds and insurance products, as well as alternative investments, such as non-traded real estate investment trusts, unit trusts, and fixed and variable annuities. The company was founded in 2016 and is headquartered in Albany, New York.

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