Boston Omaha (NYSE:BOC) Share Price Crosses Below Two Hundred Day Moving Average – What’s Next?

Boston Omaha Corporation (NYSE:BOC)’s stock price crossed below its two hundred day moving average during trading on Friday. The stock has a two hundred day moving average of $12.98 and traded as low as $12.89. Boston Omaha shares last traded at $12.93, with a volume of 171,518 shares trading hands.

Wall Street Analysts Forecast Growth

Several equities research analysts have recently weighed in on BOC shares. Wall Street Zen upgraded shares of Boston Omaha from a “sell” rating to a “hold” rating in a research note on Saturday, August 15th. Weiss Ratings reissued a “sell (d)” rating on shares of Boston Omaha in a report on Wednesday, August 12th. One research analyst has rated the stock with a Sell rating. According to MarketBeat, the stock has an average rating of “Sell”.

Boston Omaha Stock Performance

The company has a market cap of $389.58 million, a PE ratio of -30.78 and a beta of 0.72. The company has a debt-to-equity ratio of 0.09, a quick ratio of 2.05 and a current ratio of 2.05. The stock’s 50-day simple moving average is $13.27 and its 200 day simple moving average is $12.98.

Boston Omaha (NYSE:BOC) last issued its earnings results on Thursday, August 13th. The company reported ($0.05) earnings per share for the quarter, missing the consensus estimate of ($0.03) by ($0.02). Boston Omaha had a negative net margin of 12.12% and a negative return on equity of 2.49%. The firm had revenue of $22.20 million during the quarter, compared to analysts’ expectations of $29.50 million.

Institutional Trading of Boston Omaha

A hedge fund recently bought a new stake in Boston Omaha stock. TD Waterhouse Canada Inc. bought a new position in shares of Boston Omaha Corporation (NYSE:BOC) during the 3rd quarter, according to its most recent 13F filing with the SEC. The fund bought 2,000 shares of the company’s stock, valued at approximately $26,000. Institutional investors and hedge funds own 60.36% of the company’s stock.

About Boston Omaha

Boston Omaha Corporation (NYSE: BOC) is a holding company with operating businesses in outdoor advertising, broadband services and surety insurance. The company focuses on acquiring and developing businesses that it believes can generate recurring cash flow and support long-term growth.

Through its billboard operations, Boston Omaha owns and operates outdoor advertising displays that provide businesses with space to promote products and services. Its broadband operations provide internet connectivity, primarily to customers in underserved or rural markets.