Beasley Broadcast Group (NASDAQ:BBGI) Releases Earnings Results

Beasley Broadcast Group (NASDAQ:BBGI) posted its earnings results on Monday. The company reported ($1.97) earnings per share (EPS) for the quarter, Zacks reports. Beasley Broadcast Group had a negative return on equity of 2.57% and a negative net margin of 3.72%.

Beasley Broadcast Group Trading Down 11.7%

NASDAQ:BBGI opened at $4.79 on Monday. The firm has a market capitalization of $8.65 million, a P/E ratio of -0.95 and a beta of 0.45. The company has a debt-to-equity ratio of 1.65, a current ratio of 1.11 and a quick ratio of 1.11. Beasley Broadcast Group has a one year low of $3.67 and a one year high of $10.42. The company’s 50-day simple moving average is $5.48 and its 200 day simple moving average is $4.97.

Institutional Trading of Beasley Broadcast Group

An institutional investor recently bought a new position in Beasley Broadcast Group stock. Osaic Holdings Inc. acquired a new stake in shares of Beasley Broadcast Group, Inc. (NASDAQ:BBGI) in the second quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund acquired 20,108 shares of the company’s stock, valued at approximately $83,000. Osaic Holdings Inc. owned about 1.12% of Beasley Broadcast Group at the end of the most recent quarter. Institutional investors own 21.73% of the company’s stock.

Analyst Ratings Changes

Separately, Weiss Ratings reiterated a “sell (e+)” rating on shares of Beasley Broadcast Group in a research report on Wednesday, October 8th. One research analyst has rated the stock with a Sell rating, Based on data from MarketBeat.com, Beasley Broadcast Group currently has a consensus rating of “Sell”.

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.