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

StockNews.com assumed coverage on shares of Beasley Broadcast Group (NASDAQ:BBGI) in a research note published on Monday. The firm issued a hold rating on the stock.

Beasley Broadcast Group Price Performance

BBGI stock opened at $0.48 on Monday. The company has a quick ratio of 1.77, a current ratio of 1.77 and a debt-to-equity ratio of 1.78. Beasley Broadcast Group has a 52-week low of $0.42 and a 52-week high of $1.00. The stock’s 50 day moving average is $0.61 and its two-hundred day moving average is $0.67. The company has a market capitalization of $14.41 million, a PE ratio of -0.20 and a beta of 1.00.

Beasley Broadcast Group (NASDAQ:BBGI) last issued its quarterly earnings results on Monday, August 12th. The company reported ($0.01) earnings per share for the quarter, beating analysts’ consensus estimates of ($0.03) by $0.02. Beasley Broadcast Group had a negative return on equity of 0.96% and a negative net margin of 25.52%. The business had revenue of $60.44 million during the quarter, compared to the consensus estimate of $60.80 million. During the same period in the previous year, the business earned ($0.08) EPS. Analysts predict that Beasley Broadcast Group will post -0.06 earnings per share for the current fiscal year.

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 Beasley Broadcast Group, Inc. (NASDAQ:BBGI) in the first quarter, according to its most recent filing with the SEC. The fund 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 at the end of the most recent quarter. 21.73% of the stock is currently owned by institutional investors and hedge funds.

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.