Beasley Broadcast Group (NASDAQ:BBGI) Research Coverage Started at StockNews.com

StockNews.com initiated coverage on shares of Beasley Broadcast Group (NASDAQ:BBGI) in a research report sent to investors on Sunday morning. The firm issued a hold rating on the stock.

Beasley Broadcast Group Stock Performance

Shares of NASDAQ:BBGI opened at $0.54 on Friday. Beasley Broadcast Group has a 1 year low of $0.42 and a 1 year high of $1.00. The stock has a market capitalization of $16.42 million, a price-to-earnings ratio of -0.23 and a beta of 1.00. The company has a debt-to-equity ratio of 1.78, a current ratio of 1.77 and a quick ratio of 1.77. The company’s 50 day simple moving average is $0.62 and its 200 day simple moving average is $0.69.

Beasley Broadcast Group (NASDAQ:BBGI) last issued its quarterly earnings results on Monday, August 12th. The company reported ($0.01) earnings per share (EPS) for the quarter, beating the consensus estimate of ($0.03) by $0.02. The company had revenue of $60.44 million for the quarter, compared to analyst estimates of $60.80 million. Beasley Broadcast Group had a negative return on equity of 0.96% and a negative net margin of 25.52%. During the same quarter last year, the company posted ($0.08) EPS. As a group, research analysts predict that Beasley Broadcast Group will post -0.06 EPS 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 acquired a new position in shares of Beasley Broadcast Group, Inc. (NASDAQ:BBGI) in the first quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor acquired 44,000 shares of the company’s stock, valued at approximately $34,000. Mount Yale Investment Advisors LLC owned approximately 0.15% of Beasley Broadcast Group at the end of the most recent reporting period. 21.73% of the stock is currently owned by 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.