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

Beasley Broadcast Group, Inc. (NASDAQ:BBGI) shares crossed 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.

Wall Street Analyst Weigh In

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

Beasley Broadcast Group Price Performance

The company has a 50-day moving average price of $8.80. 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 stock has a market cap of $12.73 million, a price-to-earnings ratio of 4.95 and a beta of 0.85.

Beasley Broadcast Group (NASDAQ:BBGI) last posted its earnings results on Tuesday, November 5th. The company reported ($2.33) EPS for the quarter. The firm had revenue of $58.19 million for the quarter, compared to analyst estimates of $61.10 million. Beasley Broadcast Group had a negative return on equity of 5.12% and a net margin of 1.07%. During the same quarter last year, the firm posted $1.80 EPS.

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.