Beasley Broadcast Group (NASDAQ:BBGI) Earns Hold Rating from Analysts at StockNews.com

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

Beasley Broadcast Group Stock Performance

BBGI stock opened at $0.61 on Monday. The company has a debt-to-equity ratio of 1.77, a current ratio of 1.92 and a quick ratio of 1.92. The company has a 50 day moving average price of $0.65 and a 200 day moving average price of $0.75. Beasley Broadcast Group has a fifty-two week low of $0.58 and a fifty-two week high of $1.28. The stock has a market capitalization of $18.56 million, a PE ratio of -0.26 and a beta of 1.00.

Institutional Inflows and Outflows

An institutional investor recently bought a new position in Beasley Broadcast Group stock. Mount Yale Investment Advisors LLC acquired a new position in Beasley Broadcast Group, Inc. (NASDAQ:BBGI) in the 1st quarter, according to the company in its most recent 13F filing with the SEC. The fund acquired 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 reporting period. Hedge funds and other institutional investors own 21.73% of the company’s stock.

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.