MasterBeef Group (NASDAQ:MB) Stock Price Crosses Below 200 Day Moving Average – Here’s What Happened

Shares of MasterBeef Group (NASDAQ:MB) crossed below its 200-day moving average during trading on Monday . The stock has a 200-day moving average of $6.26 and traded as low as $5.54. MasterBeef Group shares last traded at $5.68, with a volume of 4,374 shares.

Analyst Ratings Changes

Separately, Weiss Ratings upgraded shares of MasterBeef Group from a “sell (d-)” rating to a “sell (d)” rating in a research note on Friday, May 1st. One equities 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”.

MasterBeef Group Stock Performance

The company has a current ratio of 1.55, a quick ratio of 1.38 and a debt-to-equity ratio of 1.54. The business has a fifty day simple moving average of $6.53 and a 200 day simple moving average of $6.26.

MasterBeef Group (NASDAQ:MB) last issued its quarterly earnings results on Friday, May 15th. The technology company reported ($0.08) earnings per share for the quarter. The firm had revenue of $14.80 million during the quarter.

Hedge Funds Weigh In On MasterBeef Group

An institutional investor recently bought a new position in MasterBeef Group stock. Geode Capital Management LLC bought a new stake in shares of MasterBeef Group (NASDAQ:MB) in the 2nd quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund bought 10,878 shares of the technology company’s stock, valued at approximately $92,000. Geode Capital Management LLC owned about 0.06% of MasterBeef Group at the end of the most recent reporting period.

MasterBeef Group Company Profile

MINDBODY, Inc operates a cloud-based business management software and payments platform for the small and medium-sized businesses in the wellness services industry. Its platform enables businesses to run, market, and build scheduling and online booking, performance tracking, staff management, client relationship management, integrated payment processing, retail point-of-sale, purchase tracking, inventory, hardware integration, analytics and reporting, branded Web, mobility, social integration, client acquisition dashboard, security and compliance, and integration with other cloud-based partners for yoga, Pilates, indoor cycling, group and personal training, boutique fitness, salons, spas, and integrative health businesses.