B. Riley Financial (NASDAQ:RILY) Stock Price Passes Below Fifty Day Moving Average – Here’s What Happened

B. Riley Financial, Inc. (NASDAQ:RILY) crossed below its 50-day moving average during trading on Friday . The stock has a 50-day moving average of $8.55 and traded as low as $8.50. B. Riley Financial shares last traded at $8.72, with a volume of 719,080 shares.

Analysts Set New Price Targets

Separately, Wall Street Zen raised B. Riley Financial from a “buy” rating to a “strong-buy” rating in a research note on Saturday, May 16th. One research analyst has rated the stock with a Sell rating, Based on data from MarketBeat.com, the stock presently has an average rating of “Sell”.

B. Riley Financial Stock Up 3.1%

The company has a quick ratio of 3.95, a current ratio of 3.95 and a debt-to-equity ratio of 10.30. The stock has a 50 day simple moving average of $8.55 and a 200 day simple moving average of $7.22. The stock has a market cap of $323.77 million, a price-to-earnings ratio of 0.52 and a beta of 1.18.

B. Riley Financial (NASDAQ:RILY) last announced its quarterly earnings data on Thursday, May 7th. The asset manager reported $6.57 EPS for the quarter. B. Riley Financial had a negative return on equity of 330.83% and a net margin of 46.81%.The firm had revenue of $217.19 million during the quarter.

Institutional Investors Weigh In On B. Riley Financial

Hedge funds have recently added to or reduced their stakes in the company. Bank of America Corp DE grew its stake in B. Riley Financial by 237.2% in the third quarter. Bank of America Corp DE now owns 6,963 shares of the asset manager’s stock valued at $42,000 after acquiring an additional 4,898 shares during the period. Russell Investments Group Ltd. grew its stake in B. Riley Financial by 144.9% in the second quarter. Russell Investments Group Ltd. now owns 14,504 shares of the asset manager’s stock valued at $43,000 after acquiring an additional 8,582 shares during the period. Jump Financial LLC acquired a new stake in B. Riley Financial in the second quarter valued at approximately $45,000. Magnus Financial Group LLC acquired a new stake in B. Riley Financial in the fourth quarter valued at approximately $47,000. Finally, Engineers Gate Manager LP grew its stake in B. Riley Financial by 70.0% in the second quarter. Engineers Gate Manager LP now owns 17,106 shares of the asset manager’s stock valued at $51,000 after acquiring an additional 7,044 shares during the period. Institutional investors and hedge funds own 50.20% of the company’s stock.

B. Riley Financial Company Profile

B. Riley Financial, Inc, headquartered in Los Angeles, California, is a diversified financial services company offering a broad range of advisory and investment solutions to individual, corporate and institutional clients. Since its founding in 1997 by Bryant E. Riley, the firm has expanded its capabilities across two primary segments: financial solutions and operations solutions. Its financial solutions segment provides investment banking services, equity research, merger and acquisition advisory, corporate finance, restructuring advisory and private capital solutions.

In addition to traditional investment banking, B.