Beasley Broadcast Group (NASDAQ:BBGI) Share Price Passes Above 200-Day Moving Average – Here’s What Happened

Beasley Broadcast Group, Inc. (NASDAQ:BBGI) shares crossed above its 200-day moving average during trading on Thursday . The stock has a 200-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 traded.

Analysts Set New Price Targets

Separately, StockNews.com assumed coverage on Beasley Broadcast Group in a research note on Friday. They issued a “hold” rating for the company.

Beasley Broadcast Group Stock Up 2.4 %

The company’s 50 day moving average is $10.08. 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 stock has a market cap of $14.13 million, a P/E ratio of 5.51 and a beta of 0.88.

Beasley Broadcast Group (NASDAQ:BBGI) last released 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 for the quarter, compared to analysts’ expectations of $61.10 million. During the same period last year, the firm earned $1.80 EPS. Equities analysts expect that Beasley Broadcast Group, Inc. will post -1.2 earnings per share for the current year.

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.