Beasley Broadcast Group (NASDAQ:BBGI) Shares Pass Above 200-Day Moving Average – Here’s Why

Shares of Beasley Broadcast Group, Inc. (NASDAQ:BBGI) passed above its 200-day moving average during trading on Tuesday . The stock has a 200-day moving average of $0.00 and traded as high as $8.37. Beasley Broadcast Group shares last traded at $8.27, with a volume of 7,781 shares changing hands.

Wall Street Analyst Weigh In

Separately, StockNews.com initiated coverage on Beasley Broadcast Group in a research report on Wednesday. They issued a “hold” rating on the stock.

Beasley Broadcast Group Stock Performance

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 business has a 50-day moving average of $8.80. The firm has a market cap of $12.73 million, a P/E ratio of 4.95 and a beta of 0.85.

Beasley Broadcast Group (NASDAQ:BBGI) last released its 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 business had revenue of $58.19 million for the quarter, compared to analyst estimates of $61.10 million. During the same quarter in the previous year, the firm posted $1.80 EPS.

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.