Beasley Broadcast Group (NASDAQ:BBGI) Receives New Coverage from Analysts at StockNews.com

StockNews.com started coverage on shares of Beasley Broadcast Group (NASDAQ:BBGI) in a research report sent to investors on Sunday morning. The firm issued a hold rating on the stock.

Beasley Broadcast Group Stock Up 5.2 %

BBGI stock opened at $0.56 on Friday. The company’s 50 day moving average price is $0.62 and its 200 day moving average price is $0.69. The company has a debt-to-equity ratio of 1.78, a quick ratio of 1.77 and a current ratio of 1.77. Beasley Broadcast Group has a fifty-two week low of $0.42 and a fifty-two week high of $1.00. The firm has a market capitalization of $16.97 million, a price-to-earnings ratio of -0.23 and a beta of 1.00.

Beasley Broadcast Group (NASDAQ:BBGI) last released its earnings results on Monday, August 12th. The company reported ($0.01) earnings per share for the quarter, topping analysts’ consensus estimates of ($0.03) by $0.02. Beasley Broadcast Group had a negative net margin of 25.52% and a negative return on equity of 0.96%. The firm had revenue of $60.44 million for the quarter, compared to analyst estimates of $60.80 million. During the same period in the prior year, the firm earned ($0.08) earnings per share. On average, equities research analysts anticipate that Beasley Broadcast Group will post -0.06 EPS for the current fiscal year.

Hedge Funds 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 Beasley Broadcast Group, Inc. (NASDAQ:BBGI) during the 1st quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor purchased 44,000 shares of the company’s stock, valued at approximately $34,000. Mount Yale Investment Advisors LLC owned about 0.15% of Beasley Broadcast Group as of its most recent SEC filing. Institutional investors 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.