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

Analysts at StockNews.com assumed coverage on shares of Beasley Broadcast Group (NASDAQ:BBGI) in a research note issued to investors on Wednesday. The firm set a “hold” rating on the stock.

Beasley Broadcast Group Trading Up 11.1 %

Shares of Beasley Broadcast Group stock opened at $9.22 on Wednesday. The stock has a 50-day moving average price of $10.91. The stock has a market capitalization of $14.20 million, a P/E ratio of 5.52 and a beta of 0.88. Beasley Broadcast Group has a 12-month low of $7.66 and a 12-month high of $20.00. The company has a debt-to-equity ratio of 1.82, a quick ratio of 1.60 and a current ratio of 1.60.

Beasley Broadcast Group (NASDAQ:BBGI) last announced its quarterly earnings results on Tuesday, November 5th. The company reported ($2.33) EPS for the quarter. The firm had revenue of $58.19 million during the quarter, compared to the consensus estimate of $61.10 million. Beasley Broadcast Group had a net margin of 1.07% and a negative return on equity of 5.12%. During the same period in the previous year, the business earned $1.80 earnings per share. On average, sell-side analysts predict that Beasley Broadcast Group will post -1.2 earnings per share for the current year.

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.