StockNews.com Begins Coverage on Beasley Broadcast Group (NASDAQ:BBGI)

Research analysts at StockNews.com started coverage on shares of Beasley Broadcast Group (NASDAQ:BBGI) in a research report issued on Tuesday. The brokerage set a “hold” rating on the stock.

Beasley Broadcast Group Trading Down 2.1 %

Shares of Beasley Broadcast Group stock opened at $0.60 on Tuesday. The company has a quick ratio of 1.92, a current ratio of 1.92 and a debt-to-equity ratio of 1.77. The firm has a market cap of $18.25 million, a price-to-earnings ratio of -0.25 and a beta of 1.00. The business has a fifty day simple moving average of $0.64 and a 200-day simple moving average of $0.74. Beasley Broadcast Group has a fifty-two week low of $0.42 and a fifty-two week high of $1.28.

Institutional Trading of Beasley Broadcast Group

A hedge fund recently bought a new stake in Beasley Broadcast Group stock. Mount Yale Investment Advisors LLC acquired a new stake in Beasley Broadcast Group, Inc. (NASDAQ:BBGI) in the 1st quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor acquired 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 SEC filing. Institutional investors and hedge funds own 21.73% of the company’s stock.

About Beasley Broadcast Group

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.