Beasley Broadcast Group (NASDAQ:BBGI) Stock Price Passes Above Two Hundred Day Moving Average – Time to Sell?

Beasley Broadcast Group, Inc. (NASDAQ:BBGI)’s share price passed above its two hundred day moving average during trading on Friday . The stock has a two hundred day moving average of $0.00 and traded as high as $8.49. Beasley Broadcast Group shares last traded at $8.49, with a volume of 5,504 shares changing hands.

Wall Street Analysts Forecast Growth

Separately, StockNews.com began coverage on shares of Beasley Broadcast Group in a research note on Saturday. They issued a “hold” rating for the company.

Beasley Broadcast Group Stock Performance

The company has a current ratio of 1.60, a quick ratio of 1.60 and a debt-to-equity ratio of 1.82. The company has a market cap of $13.04 million, a price-to-earnings ratio of 5.08 and a beta of 0.88. The firm’s 50 day moving average price is $9.67.

Beasley Broadcast Group (NASDAQ:BBGI) last announced its quarterly earnings results on Tuesday, November 5th. The company reported ($2.33) earnings per share (EPS) for the quarter. The company had revenue of $58.19 million during the quarter, compared to analyst estimates of $61.10 million. Beasley Broadcast Group had a net margin of 1.07% and a negative return on equity of 5.12%. During the same period in the previous year, the firm posted $1.80 earnings per share. Equities research analysts forecast that Beasley Broadcast Group, Inc. will post -1.2 earnings per share for the current year.

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.