Beasley Broadcast Group (NASDAQ:BBGI) Stock Crosses Above 200 Day Moving Average – What’s Next?

Beasley Broadcast Group, Inc. (NASDAQ:BBGI)’s stock price passed above its two hundred day moving average during trading on Thursday . The stock has a two hundred day moving average of $0.00 and traded as high as $8.98. Beasley Broadcast Group shares last traded at $8.98, with a volume of 1,560 shares trading hands.

Wall Street Analyst Weigh In

Separately, StockNews.com initiated coverage on shares of Beasley Broadcast Group in a research note on Friday. They set a “hold” rating on the stock.

Beasley Broadcast Group Trading Up 0.3 %

The company has a debt-to-equity ratio of 1.82, a quick ratio of 1.60 and a current ratio of 1.60. The company has a 50-day moving average price of $10.22. The company has a market capitalization of $13.79 million, a P/E ratio of 5.38 and a beta of 0.88.

Beasley Broadcast Group (NASDAQ:BBGI) last announced its quarterly earnings results on Tuesday, November 5th. The company reported ($2.33) earnings per share (EPS) for the quarter. Beasley Broadcast Group had a negative return on equity of 5.12% and a net margin of 1.07%. The firm had revenue of $58.19 million during the quarter, compared to the consensus estimate of $61.10 million. During the same quarter in the previous year, the company posted $1.80 EPS. On average, research analysts anticipate that Beasley Broadcast Group, Inc. will post -1.2 earnings per share for the current fiscal year.

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.