Binah Capital Group (NASDAQ:BCG) Trading Up 0.3% – What’s Next?

Binah Capital Group, Inc. (NASDAQ:BCG) shares traded up 0.3% during mid-day trading on Friday . The stock traded as high as $1.5505 and last traded at $1.55. 6,066 shares were traded during trading, a decline of 89% from the average session volume of 57,068 shares. The stock had previously closed at $1.5450.

Wall Street Analyst Weigh In

Separately, Weiss Ratings reaffirmed a “sell (d)” rating on shares of Binah Capital Group in a research note on Friday, March 27th. One investment analyst has rated the stock with a Sell rating, Based on data from MarketBeat.com, the stock presently has an average rating of “Sell”.

Binah Capital Group Stock Up 0.3%

The business has a fifty day moving average of $1.92 and a 200 day moving average of $2.19. The firm has a market cap of $26.06 million, a P/E ratio of 11.07 and a beta of 0.27.

Binah Capital Group (NASDAQ:BCG) last released its quarterly earnings data on Friday, May 15th. The company reported $0.09 EPS for the quarter. The business had revenue of $48.70 million during the quarter. Binah Capital Group had a return on equity of 260.70% and a net margin of 1.70%.

Institutional Investors Weigh In On Binah Capital Group

A hedge fund recently raised its stake in Binah Capital Group stock. State Street Corp boosted its stake in Binah Capital Group, Inc. (NASDAQ:BCG) by 54.0% in 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 purchasing an additional 8,800 shares during the quarter. State Street Corp owned about 0.15% of Binah Capital Group worth $72,000 as of its most recent SEC filing. 4.97% of the stock is owned by institutional investors and hedge funds.

About Binah Capital Group

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.