B. Riley Financial (NASDAQ:RILY) Share Price Crosses Below 50-Day Moving Average – Time to Sell?

B. Riley Financial, Inc. (NASDAQ:RILY)’s stock price passed below its fifty day moving average during trading on Thursday . The stock has a fifty day moving average of $4.59 and traded as low as $2.95. B. Riley Financial shares last traded at $3.08, with a volume of 1,846,828 shares trading hands.

Wall Street Analysts Forecast Growth

Separately, StockNews.com upgraded B. Riley Financial to a “sell” rating in a research note on Tuesday, January 14th.

B. Riley Financial Stock Performance

The company has a market cap of $103.70 million, a PE ratio of -0.16 and a beta of 1.30. The stock’s 50-day simple moving average is $4.56 and its 200 day simple moving average is $5.43.

B. Riley Financial (NASDAQ:RILY) last posted its quarterly earnings results on Friday, February 21st. The asset manager reported ($4.97) earnings per share (EPS) for the quarter. The firm had revenue of $199.31 million for the quarter. B. Riley Financial had a negative return on equity of 236.88% and a negative net margin of 48.04%.

Hedge Funds Weigh In On B. Riley Financial

A number of large investors have recently modified their holdings of the business. Wells Fargo & Company MN grew its holdings in B. Riley Financial by 44.8% during the fourth quarter. Wells Fargo & Company MN now owns 9,543 shares of the asset manager’s stock worth $44,000 after acquiring an additional 2,952 shares during the period. Point72 Asia Singapore Pte. Ltd. purchased a new stake in shares of B. Riley Financial during the 3rd quarter worth $29,000. JPMorgan Chase & Co. grew its stake in shares of B. Riley Financial by 37.6% during the 3rd quarter. JPMorgan Chase & Co. now owns 21,658 shares of the asset manager’s stock worth $114,000 after purchasing an additional 5,920 shares during the period. Albion Financial Group UT purchased a new position in shares of B. Riley Financial in the 4th quarter valued at about $30,000. Finally, Jones Financial Companies Lllp increased its holdings in shares of B. Riley Financial by 1,049.1% in the 4th quarter. Jones Financial Companies Lllp now owns 9,710 shares of the asset manager’s stock valued at $45,000 after purchasing an additional 8,865 shares in the last quarter. 50.20% of the stock is owned by hedge funds and other institutional investors.

B. Riley Financial Company Profile

B. Riley Financial, Inc, through its subsidiaries, provides financial services to corporate, institutional, and high net worth clients in North America, Australia, the Asia Pacific, and Europe. The company operates through six segments: Capital Markets, Wealth Management, Financial Consulting, Auction and Liquidation, Communications, and Consumer.