Beasley Broadcast Group (NASDAQ:BBGI) Share Price Passes Above Two Hundred Day Moving Average – Should You Sell?

Beasley Broadcast Group, Inc. (NASDAQ:BBGI)’s share price crossed above its 200-day moving average during trading on Thursday . The stock has a 200-day moving average of $0.00 and traded as high as $8.98. Beasley Broadcast Group shares last traded at $8.98, with a volume of 1,560 shares.

Wall Street Analysts Forecast Growth

Separately, StockNews.com initiated coverage on shares of Beasley Broadcast Group in a research note on Friday. They set a “hold” rating on the stock.

Beasley Broadcast Group Trading Up 2.4 %

The firm has a market capitalization of $14.13 million, a P/E ratio of 5.51 and a beta of 0.88. 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 50 day simple moving average of $10.08.

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

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.