MasterBeef Group (NASDAQ:MB) Shares Pass Above Two Hundred Day Moving Average – Here’s Why

Shares of MasterBeef Group (NASDAQ:MB) passed above its 200-day moving average during trading on Friday . The stock has a 200-day moving average of $6.31 and traded as high as $6.85. MasterBeef Group shares last traded at $6.60, with a volume of 5,396 shares.

Analysts Set New Price Targets

Separately, Weiss Ratings upgraded MasterBeef Group from a “sell (d-)” rating to a “sell (d)” rating in a report on Friday, May 1st. One equities research analyst has rated the stock with a Sell rating, According to data from MarketBeat.com, the company currently has a consensus rating of “Sell”.

MasterBeef Group Stock Down 7.2%

The stock’s fifty day moving average price is $6.49 and its 200-day moving average price is $6.31. The company has a current ratio of 1.55, a quick ratio of 1.38 and a debt-to-equity ratio of 1.54.

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

Institutional Trading of MasterBeef Group

A hedge fund recently bought a new stake in MasterBeef Group stock. Geode Capital Management LLC bought a new position in MasterBeef Group (NASDAQ:MB) in the second quarter, according to its most recent disclosure with the SEC. The firm 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 as of its most recent SEC filing.

About MasterBeef Group

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.