StockNews.com Initiates Coverage on Beasley Broadcast Group (NASDAQ:BBGI)

Equities research analysts at StockNews.com initiated coverage on shares of Beasley Broadcast Group (NASDAQ:BBGI) in a research report issued on Saturday. The firm set a “hold” rating on the stock.

Beasley Broadcast Group Price Performance

BBGI opened at $8.49 on Friday. The company has a 50 day simple moving average of $9.67. Beasley Broadcast Group has a 12 month low of $7.60 and a 12 month high of $20.00. The firm has a market cap of $13.04 million, a PE ratio of 5.08 and a beta of 0.88. The company has a quick ratio of 1.60, a current ratio of 1.60 and a debt-to-equity ratio of 1.82.

Beasley Broadcast Group (NASDAQ:BBGI) last issued its earnings results on Tuesday, November 5th. The company reported ($2.33) earnings per share for the quarter. The company had revenue of $58.19 million for the quarter, compared to analyst estimates of $61.10 million. Beasley Broadcast Group had a negative return on equity of 5.12% and a net margin of 1.07%. During the same quarter in the previous year, the company posted $1.80 earnings per share. Research analysts anticipate that Beasley Broadcast Group will post -1.2 EPS for the current 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.