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

MasterBeef Group (NASDAQ:MB)’s stock price passed 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.

Wall Street Analysts Forecast Growth

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 data from MarketBeat, the stock presently has an average rating of “Sell”.

MasterBeef Group Trading Up 1.5%

The company has a 50-day moving average of $5.91 and a two-hundred day moving average of $6.05. The company has a current ratio of 1.55, a quick ratio of 1.38 and a debt-to-equity ratio of 1.54.

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

Institutional Inflows and Outflows

A hedge fund recently raised its stake in MasterBeef Group stock. Citadel Advisors LLC increased its position in MasterBeef Group (NASDAQ:MB) by 27.0% in the 3rd quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 14,612 shares of the technology company’s stock after acquiring an additional 3,104 shares during the quarter. Citadel Advisors LLC owned about 0.09% of MasterBeef Group worth $125,000 at the end of the most recent quarter.

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.