Beasley Broadcast Group (NASDAQ:BBGI) Stock Passes Above Two Hundred Day Moving Average – What’s Next?

Beasley Broadcast Group, Inc. (NASDAQ:BBGI)’s stock price crossed above its 200-day moving average during trading on Friday . The stock has a 200-day moving average of $0.00 and traded as high as $7.90. Beasley Broadcast Group shares last traded at $7.90, with a volume of 545 shares.

Wall Street Analyst Weigh In

Separately, StockNews.com assumed coverage on shares of Beasley Broadcast Group in a research note on Saturday. They issued a “hold” rating on the stock.

Beasley Broadcast Group Price Performance

The company has a market capitalization of $12.13 million, a P/E ratio of 4.73 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 firm has a 50-day moving average price of $8.54.

Institutional Trading of Beasley Broadcast Group

Hedge funds and other institutional investors have recently modified their holdings of the business. Geode Capital Management LLC grew its position in shares of Beasley Broadcast Group by 25.7% during the fourth quarter. Geode Capital Management LLC now owns 20,733 shares of the company’s stock worth $192,000 after buying an additional 4,240 shares in the last quarter. Gabelli Funds LLC raised its stake in Beasley Broadcast Group by 12.6% during the fourth quarter. Gabelli Funds LLC now owns 25,900 shares of the company’s stock valued at $244,000 after buying an additional 2,900 shares in the last quarter. Finally, Gamco Investors INC. ET AL grew its position in shares of Beasley Broadcast Group by 60.7% in the 4th quarter. Gamco Investors INC. ET AL now owns 59,691 shares of the company’s stock worth $562,000 after acquiring an additional 22,536 shares in the last quarter. 21.73% of the stock is owned by hedge funds and other institutional investors.

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.