MasterBeef Group (NASDAQ:MB) Share Price Crosses Below Two Hundred Day Moving Average – What’s Next?

MasterBeef Group (NASDAQ:MB) shares crossed below its two hundred day moving average during trading on Tuesday . The stock has a two hundred day moving average of $6.15 and traded as low as $4.31. MasterBeef Group shares last traded at $4.42, with a volume of 1,328 shares trading hands.

Analysts Set New Price Targets

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

MasterBeef Group Trading Down 2.0%

The company has a quick ratio of 1.38, a current ratio of 1.55 and a debt-to-equity ratio of 1.54. The firm has a 50 day moving average price of $6.34 and a two-hundred day moving average price of $6.15.

MasterBeef Group (NASDAQ:MB) last posted its quarterly earnings results on Friday, May 15th. The technology company reported ($0.08) EPS for the quarter. The company had revenue of $14.80 million for 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 purchased a new position in shares of MasterBeef Group (NASDAQ:MB) in the second quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor purchased 10,878 shares of the technology company’s stock, valued at approximately $92,000. Geode Capital Management LLC owned 0.06% of MasterBeef Group at the end of the most recent quarter.

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.