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

Shares of Beasley Broadcast Group, Inc. (NASDAQ:BBGI) passed above its 200-day moving average during trading on Monday . The stock has a 200-day moving average of $9.47 and traded as high as $24.99. Beasley Broadcast Group shares last traded at $24.94, with a volume of 54,804 shares.

Wall Street Analyst Weigh In

BBGI has been the subject of a number of recent analyst reports. Wall Street Zen upgraded shares of Beasley Broadcast Group to a “hold” rating in a research report on Saturday, May 23rd. Weiss Ratings restated a “sell (d)” rating on shares of Beasley Broadcast Group in a research report on Friday, March 27th. One investment analyst has rated the stock with a Sell rating, According to MarketBeat, the company presently has an average rating of “Sell”.

Beasley Broadcast Group Price Performance

The business has a 50-day simple moving average of $18.13 and a two-hundred day simple moving average of $9.47. The company has a quick ratio of 1.10, a current ratio of 1.10 and a debt-to-equity ratio of 1.68. The stock has a market capitalization of $45.14 million, a price-to-earnings ratio of -0.24 and a beta of 4.51.

Beasley Broadcast Group (NASDAQ:BBGI) last issued its quarterly earnings results on Wednesday, May 13th. The company reported $1.77 earnings per share (EPS) for the quarter. Beasley Broadcast Group had a negative return on equity of 27.43% and a negative net margin of 95.51%.The company had revenue of $42.59 million for the quarter.

Institutional Inflows and Outflows

Several large investors have recently bought and sold shares of BBGI. Osaic Holdings Inc. acquired a new position in Beasley Broadcast Group during the second quarter worth about $83,000. Susquehanna International Group LLP bought a new stake in Beasley Broadcast Group in the third quarter worth about $85,000. HRT Financial LP bought a new stake in Beasley Broadcast Group in the fourth quarter worth about $129,000. Finally, Gamco Investors INC. ET AL lifted its holdings in Beasley Broadcast Group by 9.5% in the 1st quarter. Gamco Investors INC. ET AL now owns 63,399 shares of the company’s stock valued at $212,000 after acquiring an additional 5,475 shares during the last quarter. Institutional investors own 21.73% of the company’s stock.

Beasley Broadcast Group Company Profile

Beasley Broadcast Group, Inc is a diversified media company primarily engaged in the ownership, operation and licensing of radio broadcast stations across the United States. Headquartered in Naples, Florida, the company provides local and regional audiences with a mix of music, news, talk and sports programming designed to serve diverse demographic markets. Through its portfolio of stations, Beasley generates advertising revenues by offering on-air spots, sponsorships and promotional partnerships to national and local advertisers.

In addition to traditional over-the-air programming, Beasley Broadcast Group offers digital services that include live audio streaming, podcast production, mobile apps and website content for many of its radio brands.