B. Riley Financial (NASDAQ:RILY) Stock Passes Below 50-Day Moving Average – Should You Sell?

B. Riley Financial, Inc. (NASDAQ:RILY)’s stock price passed below its 50-day moving average during trading on Thursday . The stock has a 50-day moving average of $4.59 and traded as low as $2.95. B. Riley Financial shares last traded at $3.08, with a volume of 1,846,828 shares changing hands.

Wall Street Analyst Weigh In

Separately, StockNews.com raised shares of B. Riley Financial to a “sell” rating in a research report on Tuesday, January 14th.

B. Riley Financial Price Performance

The stock’s 50 day moving average is $4.59 and its 200-day moving average is $5.60. The company has a market capitalization of $93.94 million, a P/E ratio of -0.15 and a beta of 1.30.

B. Riley Financial (NASDAQ:RILY) last announced its earnings results on Monday, January 13th. The asset manager reported ($14.35) earnings per share (EPS) for the quarter. B. Riley Financial had a negative return on equity of 236.88% and a negative net margin of 48.04%.

Hedge Funds Weigh In On B. Riley Financial

Institutional investors and hedge funds have recently added to or reduced their stakes in the company. Toronto Dominion Bank grew its stake in shares of B. Riley Financial by 666,766.7% in the fourth quarter. Toronto Dominion Bank now owns 20,006 shares of the asset manager’s stock worth $92,000 after acquiring an additional 20,003 shares during the last quarter. Federated Hermes Inc. raised its position in B. Riley Financial by 144.1% in the fourth quarter. Federated Hermes Inc. now owns 53,926 shares of the asset manager’s stock worth $248,000 after acquiring an additional 31,835 shares during the period. Wells Fargo & Company MN lifted its position in B. Riley Financial by 44.8% during the fourth quarter. Wells Fargo & Company MN now owns 9,543 shares of the asset manager’s stock valued at $44,000 after purchasing an additional 2,952 shares in the last quarter. Intech Investment Management LLC purchased a new position in shares of B. Riley Financial during the 4th quarter valued at about $46,000. Finally, Jones Financial Companies Lllp grew its stake in shares of B. Riley Financial by 1,049.1% during the 4th quarter. Jones Financial Companies Lllp now owns 9,710 shares of the asset manager’s stock valued at $45,000 after acquiring an additional 8,865 shares during the period. Hedge funds and other institutional investors own 50.20% of the company’s stock.

About B. Riley Financial

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.