Beasley Broadcast Group (NASDAQ:BBGI) Coverage Initiated by Analysts at StockNews.com

StockNews.com started coverage on shares of Beasley Broadcast Group (NASDAQ:BBGI) in a report issued on Wednesday. The firm issued a hold rating on the stock.

Beasley Broadcast Group Price Performance

BBGI stock opened at $0.66 on Wednesday. The stock has a market cap of $19.87 million, a price-to-earnings ratio of -0.27 and a beta of 1.00. The company has a debt-to-equity ratio of 1.77, a current ratio of 1.92 and a quick ratio of 1.92. The company has a 50 day simple moving average of $0.69 and a 200 day simple moving average of $0.79. Beasley Broadcast Group has a 1 year low of $0.60 and a 1 year high of $1.28.

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 purchased a new stake in shares of Beasley Broadcast Group, Inc. (NASDAQ:BBGI) during the first quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm purchased 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 at the end of the most recent quarter. Institutional investors and hedge funds own 21.73% of the company’s stock.

About Beasley Broadcast Group

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.