Beasley Broadcast Group (NASDAQ:BBGI) Earns Hold Rating from Analysts at StockNews.com

StockNews.com initiated coverage on shares of Beasley Broadcast Group (NASDAQ:BBGI) in a research note issued to investors on Sunday. The brokerage set a “hold” rating on the stock.

Beasley Broadcast Group Stock Performance

BBGI stock opened at $9.56 on Friday. The stock’s 50 day moving average price is $9.19. The stock has a market capitalization of $14.68 million, a price-to-earnings ratio of 5.72 and a beta of 0.85. Beasley Broadcast Group has a fifty-two week low of $7.60 and a fifty-two week high of $19.58. The company has a debt-to-equity ratio of 1.82, a current ratio of 1.60 and a quick ratio of 1.60.

Beasley Broadcast Group (NASDAQ:BBGI) last announced its quarterly earnings data on Tuesday, November 5th. The company reported ($2.33) EPS for the quarter. Beasley Broadcast Group had a net margin of 1.07% and a negative return on equity of 5.12%. The firm had revenue of $58.19 million during the quarter, compared to analysts’ expectations of $61.10 million. During the same period in the prior year, the company posted $1.80 earnings per share. Equities analysts forecast that Beasley Broadcast Group will post -1.2 EPS for the current fiscal year.

Beasley Broadcast Group Company Profile

Beasley Broadcast Group, Inc, a multi-platform media company, owns and operates radio stations in the United States. The company offers local and national advertisers integrated marketing solutions across audio, digital, and event platforms. It operates Houston Outlaws, an esports team that competes in the Overwatch League; and an esports team that competes in the Rocket League.