StockNews.com initiated coverage on shares of Beasley Broadcast Group (NASDAQ:BBGI – Free Report) in a research report sent to investors on Sunday morning. The brokerage issued a hold rating on the stock.
Beasley Broadcast Group Price Performance
Shares of NASDAQ BBGI opened at $0.65 on Friday. The company has a quick ratio of 1.92, a current ratio of 1.92 and a debt-to-equity ratio of 1.77. Beasley Broadcast Group has a 52 week low of $0.58 and a 52 week high of $1.28. The firm has a 50-day moving average price of $0.66 and a 200 day moving average price of $0.76. The stock has a market capitalization of $19.72 million, a price-to-earnings ratio of -0.27 and a beta of 1.00.
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 bought a new stake in Beasley Broadcast Group, Inc. (NASDAQ:BBGI – Free Report) in the first quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund bought 44,000 shares of the company’s stock, valued at approximately $34,000. Mount Yale Investment Advisors LLC owned 0.15% of Beasley Broadcast Group as of its most recent filing with the Securities & Exchange Commission. 21.73% of the stock is currently owned by hedge funds and other institutional investors.
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.
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