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

Equities research analysts at StockNews.com started coverage on shares of Beasley Broadcast Group (NASDAQ:BBGI) in a research note issued on Tuesday. The brokerage set a “hold” rating on the stock.

Beasley Broadcast Group Stock Performance

Shares of BBGI opened at $8.46 on Tuesday. Beasley Broadcast Group has a 52 week low of $7.60 and a 52 week high of $18.80. The firm has a market capitalization of $13.02 million, a price-to-earnings ratio of 5.06 and a beta of 0.85. The company’s 50-day moving average is $8.81. 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 posted its quarterly earnings results on Tuesday, November 5th. The company reported ($2.33) earnings per share for the quarter. The business had revenue of $58.19 million for the quarter, compared to analyst estimates of $61.10 million. Beasley Broadcast Group had a negative return on equity of 5.12% and a net margin of 1.07%. During the same quarter in the prior year, the firm earned $1.80 EPS.

About Beasley Broadcast Group

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.