Investment analysts at StockNews.com initiated coverage on shares of Beasley Broadcast Group (NASDAQ:BBGI - Get Free Report) in a note issued to investors on Thursday. The firm set a "hold" rating on the stock.
Beasley Broadcast Group Stock Performance
Shares of BBGI stock traded up $0.10 during trading hours on Thursday, reaching $12.60. The company had a trading volume of 3,073 shares, compared to its average volume of 2,512. The company has a quick ratio of 1.77, a current ratio of 1.77 and a debt-to-equity ratio of 1.78. Beasley Broadcast Group has a 1-year low of $8.45 and a 1-year high of $20.00. The company has a market cap of $382.33 million, a P/E ratio of -5.27 and a beta of 0.99.
Beasley Broadcast Group (NASDAQ:BBGI - Get Free Report) last released its earnings results on Monday, August 12th. The company reported ($0.01) earnings per share for the quarter, beating the consensus estimate of ($0.03) by $0.02. The firm had revenue of $60.44 million for the quarter, compared to analyst estimates of $60.80 million. Beasley Broadcast Group had a negative return on equity of 0.96% and a negative net margin of 25.52%. During the same quarter in the prior year, the firm posted ($0.08) earnings per share. Equities research analysts forecast that Beasley Broadcast Group will post -1.2 EPS for the current year.
Institutional Investors Weigh In On Beasley Broadcast Group
An institutional investor recently bought a new position in Beasley Broadcast Group stock. Mount Yale Investment Advisors LLC purchased a new stake in Beasley Broadcast Group, Inc. (NASDAQ:BBGI - Free Report) during the first quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund purchased 44,000 shares of the company's stock, valued at approximately $34,000. Mount Yale Investment Advisors LLC owned approximately 0.15% of Beasley Broadcast Group as of its most recent filing with the Securities and Exchange Commission (SEC). Institutional investors and hedge funds own 21.73% of the company's stock.
About Beasley Broadcast Group
(
Get Free Report)
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.
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