Beasley Broadcast Group (NASDAQ:BBGI) Now Covered by StockNews.com

Equities researchers at StockNews.com started coverage on shares of Beasley Broadcast Group (NASDAQ:BBGI) in a report released on Monday. The firm set a “hold” rating on the stock.

Beasley Broadcast Group Stock Performance

Shares of BBGI opened at $0.64 on Monday. The company has a quick ratio of 1.92, a current ratio of 1.92 and a debt-to-equity ratio of 1.77. Beasley Broadcast Group has a 52-week low of $0.58 and a 52-week high of $1.28. The company has a 50-day simple moving average of $0.65 and a 200-day simple moving average of $0.75. The company has a market capitalization of $19.43 million, a PE ratio of -0.27 and a beta of 1.00.

Institutional Investors Weigh In On Beasley Broadcast Group

A hedge fund recently bought a new stake in Beasley Broadcast Group stock. Mount Yale Investment Advisors LLC bought a new position in shares of Beasley Broadcast Group, Inc. (NASDAQ:BBGI) during the first quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund bought 44,000 shares of the company’s stock, valued at approximately $34,000. Mount Yale Investment Advisors LLC owned approximately 0.15% of Beasley Broadcast Group as of its most recent filing with the Securities and Exchange Commission (SEC). 21.73% of the stock is currently owned by institutional investors and hedge funds.

Beasley Broadcast Group Company Profile

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.