Beasley Broadcast Group (NASDAQ:BBGI) Stock Crosses Above 200 Day Moving Average – What’s Next?

Beasley Broadcast Group, Inc. (NASDAQ:BBGI)’s stock price crossed above its 200-day moving average during trading on Thursday . The stock has a 200-day moving average of $7.13 and traded as high as $15.44. Beasley Broadcast Group shares last traded at $14.67, with a volume of 46,921 shares traded.

Analyst Upgrades and Downgrades

Separately, Weiss Ratings reaffirmed a “sell (d)” rating on shares of Beasley Broadcast Group in a report on Friday, March 27th. One equities research analyst has rated the stock with a Sell rating, Based on data from MarketBeat.com, the company presently has a consensus rating of “Sell”.

Beasley Broadcast Group Stock Up 4.7%

The business’s fifty day moving average price is $11.31 and its 200 day moving average price is $7.13. The company has a market capitalization of $26.49 million, a P/E ratio of -0.14 and a beta of 4.69. The company has a current ratio of 1.10, a quick ratio of 1.00 and a debt-to-equity ratio of 1.68.

Beasley Broadcast Group (NASDAQ:BBGI) last released its quarterly earnings data on Wednesday, May 13th. The company reported $1.77 EPS for the quarter. The company had revenue of $42.59 million during the quarter. Beasley Broadcast Group had a negative net margin of 95.51% and a negative return on equity of 27.43%.

Hedge Funds Weigh In On Beasley Broadcast Group

Hedge funds and other institutional investors have recently made changes to their positions in the business. Susquehanna International Group LLP bought a new position in shares of Beasley Broadcast Group during the 3rd quarter worth about $85,000. Osaic Holdings Inc. acquired a new stake in shares of Beasley Broadcast Group during the 2nd quarter worth about $83,000. HRT Financial LP acquired a new stake in shares of Beasley Broadcast Group during the 4th quarter worth about $129,000. Finally, Gamco Investors INC. ET AL increased its position in shares of Beasley Broadcast Group by 22.3% during the 3rd quarter. Gamco Investors INC. ET AL now owns 56,154 shares of the company’s stock worth $296,000 after purchasing an additional 10,238 shares in the last quarter. 21.73% of the stock is owned by institutional investors.

About Beasley Broadcast Group

Beasley Broadcast Group, Inc is a diversified media company primarily engaged in the ownership, operation and licensing of radio broadcast stations across the United States. Headquartered in Naples, Florida, the company provides local and regional audiences with a mix of music, news, talk and sports programming designed to serve diverse demographic markets. Through its portfolio of stations, Beasley generates advertising revenues by offering on-air spots, sponsorships and promotional partnerships to national and local advertisers.

In addition to traditional over-the-air programming, Beasley Broadcast Group offers digital services that include live audio streaming, podcast production, mobile apps and website content for many of its radio brands.