B. Riley Financial, Inc. (NASDAQ:RILY - Get Free Report)'s stock price crossed below its fifty day moving average during trading on Wednesday . The stock has a fifty day moving average of $4.76 and traded as low as $4.16. B. Riley Financial shares last traded at $4.32, with a volume of 494,274 shares changing hands.
Wall Street Analyst Weigh In
Separately, StockNews.com raised shares of B. Riley Financial to a "sell" rating in a research report on Tuesday, January 14th.
Read Our Latest Stock Analysis on B. Riley Financial
B. Riley Financial Price Performance
The business has a fifty day simple moving average of $4.72 and a two-hundred day simple moving average of $5.84. The company has a market cap of $125.97 million, a PE ratio of -0.20 and a beta of 1.30.
B. Riley Financial (NASDAQ:RILY - Get Free Report) last posted its earnings results on Monday, January 13th. The asset manager reported ($14.35) earnings per share (EPS) for the quarter. B. Riley Financial had a negative net margin of 48.04% and a negative return on equity of 236.88%.
Institutional Trading of B. Riley Financial
Institutional investors have recently modified their holdings of the company. Point72 Asia Singapore Pte. Ltd. purchased a new stake in B. Riley Financial during the third quarter valued at approximately $29,000. Albion Financial Group UT acquired a new position in shares of B. Riley Financial during the fourth quarter worth $30,000. Wells Fargo & Company MN grew its stake in B. Riley Financial by 44.8% during the 4th quarter. Wells Fargo & Company MN now owns 9,543 shares of the asset manager's stock worth $44,000 after buying an additional 2,952 shares during the last quarter. Jones Financial Companies Lllp grew its stake in B. Riley Financial by 1,049.1% during the 4th quarter. Jones Financial Companies Lllp now owns 9,710 shares of the asset manager's stock worth $45,000 after buying an additional 8,865 shares during the last quarter. Finally, Intech Investment Management LLC purchased a new position in B. Riley Financial during the 4th quarter worth $46,000. 50.20% of the stock is currently owned by institutional investors.
About B. Riley Financial
(
Get Free Report)
B. Riley Financial, Inc, through its subsidiaries, provides financial services to corporate, institutional, and high net worth clients in North America, Australia, the Asia Pacific, and Europe. The company operates through six segments: Capital Markets, Wealth Management, Financial Consulting, Auction and Liquidation, Communications, and Consumer.
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