B. Riley Financial (NASDAQ:RILY) Stock Price Crosses Below 50-Day Moving Average - Here's Why

B. Riley Financial, Inc. (NASDAQ:RILY - Get Free Report)'s share price crossed below its 50 day moving average during trading on Monday . The stock has a 50 day moving average of $4.39 and traded as low as $3.00. B. Riley Financial shares last traded at $3.17, with a volume of 1,071,018 shares trading hands.

Wall Street Analysts Forecast Growth

Separately, StockNews.com upgraded shares of B. Riley Financial to a "sell" rating in a report on Monday, February 24th.

B. Riley Financial Trading Up 0.7 %

The business's 50 day moving average price is $4.19 and its two-hundred day moving average price is $4.77. The stock has a market cap of $90.58 million, a P/E ratio of -0.14 and a beta of 1.34.

B. Riley Financial (NASDAQ:RILY - Get Free Report) last posted its quarterly earnings data on Friday, February 21st. The asset manager reported ($4.97) earnings per share for the quarter. B. Riley Financial had a negative net margin of 48.04% and a negative return on equity of 236.88%. The firm had revenue of $199.31 million for the quarter.

Hedge Funds Weigh In On B. Riley Financial

A number of institutional investors have recently added to or reduced their stakes in the company. FMR LLC boosted its holdings in shares of B. Riley Financial by 1,085.3% during the 3rd quarter. FMR LLC now owns 10,075 shares of the asset manager's stock valued at $53,000 after buying an additional 9,225 shares in the last quarter. BNP Paribas Financial Markets lifted its holdings in shares of B. Riley Financial by 136.0% during the third quarter. BNP Paribas Financial Markets now owns 21,787 shares of the asset manager's stock valued at $114,000 after purchasing an additional 12,557 shares during the last quarter. XTX Topco Ltd boosted its position in shares of B. Riley Financial by 72.9% in the 3rd quarter. XTX Topco Ltd now owns 33,755 shares of the asset manager's stock worth $177,000 after purchasing an additional 14,232 shares in the last quarter. Sanctuary Advisors LLC purchased a new stake in shares of B. Riley Financial in the 3rd quarter worth approximately $100,000. Finally, JPMorgan Chase & Co. increased its position in B. Riley Financial by 37.6% during the 3rd quarter. JPMorgan Chase & Co. now owns 21,658 shares of the asset manager's stock valued at $114,000 after buying an additional 5,920 shares in the last quarter. Institutional investors own 50.20% of the company's stock.

B. Riley Financial Company Profile

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.