Beasley Broadcast Group (NASDAQ:BBGI) Earns Hold Rating from Analysts at StockNews.com

StockNews.com began coverage on shares of Beasley Broadcast Group (NASDAQ:BBGI) in a research report sent to investors on Tuesday. The brokerage issued a hold rating on the stock.

Beasley Broadcast Group Stock Performance

Shares of BBGI opened at $8.29 on Tuesday. The company’s fifty day moving average price is $8.81. The firm has a market capitalization of $12.76 million, a P/E ratio of 4.96 and a beta of 0.85. The company has a current ratio of 1.60, a quick ratio of 1.60 and a debt-to-equity ratio of 1.82. Beasley Broadcast Group has a 1 year low of $7.60 and a 1 year high of $18.80.

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

About Beasley Broadcast Group

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.