MasterBeef Group (NASDAQ:MB) Stock Passes Below 200 Day Moving Average – Time to Sell?

MasterBeef Group (NASDAQ:MB)’s stock price crossed below its 200-day moving average during trading on Wednesday . The stock has a 200-day moving average of $6.05 and traded as low as $3.79. MasterBeef Group shares last traded at $4.11, with a volume of 11,399 shares trading hands.

Wall Street Analyst Weigh In

Separately, Weiss Ratings raised 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 MarketBeat.com, the stock has a consensus rating of “Sell”.

MasterBeef Group Stock Performance

The company has a debt-to-equity ratio of 1.54, a current ratio of 1.55 and a quick ratio of 1.38. The company’s fifty day moving average is $5.91 and its 200-day moving average is $6.05.

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

Institutional Trading of MasterBeef Group

An institutional investor recently raised its position in MasterBeef Group stock. Citadel Advisors LLC boosted its position in MasterBeef Group (NASDAQ:MB) by 27.0% during the 3rd quarter, according to its most recent Form 13F filing with the SEC. The fund owned 14,612 shares of the technology company’s stock after purchasing an additional 3,104 shares during the period. Citadel Advisors LLC owned about 0.09% of MasterBeef Group worth $125,000 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.