Beasley Broadcast Group (NASDAQ:BBGI) Coverage Initiated by Analysts at StockNews.com

StockNews.com started coverage on shares of Beasley Broadcast Group (NASDAQ:BBGI) in a research report released on Thursday morning. The brokerage issued a hold rating on the stock.

Beasley Broadcast Group Stock Performance

NASDAQ BBGI opened at $7.78 on Thursday. The firm has a market cap of $11.98 million, a PE ratio of 4.66 and a beta of 0.86. The company has a current ratio of 1.60, a quick ratio of 1.60 and a debt-to-equity ratio of 1.82. The business’s 50-day moving average is $8.71. Beasley Broadcast Group has a 52-week low of $7.60 and a 52-week high of $18.40.

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