Baosheng Media Group (NASDAQ:BAOS) Stock Price Down 3.8% – Here’s What Happened

Baosheng Media Group Holdings Limited (NASDAQ:BAOS)’s share price fell 3.8% on Thursday . The company traded as low as $2.68 and last traded at $2.77. Approximately 63,014 shares changed hands during mid-day trading, a decline of 70% from the average daily volume of 209,604 shares. The stock had previously closed at $2.88.

Wall Street Analysts Forecast Growth

Separately, Weiss Ratings reaffirmed a “sell (d-)” rating on shares of Baosheng Media Group in a report on Monday, April 20th. One analyst has rated the stock with a Sell rating, According to MarketBeat, Baosheng Media Group currently has a consensus rating of “Sell”.

Baosheng Media Group Stock Down 3.8%

The company’s 50 day simple moving average is $2.78 and its 200 day simple moving average is $2.81.

Baosheng Media Group (NASDAQ:BAOS) last issued its earnings results on Friday, May 1st. The company reported ($2.56) earnings per share (EPS) for the quarter. The firm had revenue of $0.14 million for the quarter.

About Baosheng Media Group

Baosheng Media Group is a China-based animation and digital entertainment company focused on the creation, production and distribution of original animated content and digital comics. The company develops proprietary intellectual property (IP) and oversees the full production cycle, from storyboarding and character design to animation, post-production and voice-over recording.

Baosheng Media partners with leading digital streaming platforms such as Tencent Video, iQiyi and Bilibili to deliver its animation series and serialized comics to audiences across mainland China.