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

Analysts at StockNews.com began coverage on shares of Beasley Broadcast Group (NASDAQ:BBGI) in a report released on Tuesday. The firm set a “hold” rating on the stock.

Beasley Broadcast Group Trading Up 1.3 %

Shares of NASDAQ:BBGI opened at $8.63 on Tuesday. Beasley Broadcast Group has a 52 week low of $7.60 and a 52 week high of $18.90. The firm has a market capitalization of $13.29 million, a price-to-earnings ratio of 5.17 and a beta of 0.85. The company has a 50 day moving average price of $8.80. The company has a quick ratio of 1.60, a current ratio of 1.60 and a debt-to-equity ratio of 1.82.

Beasley Broadcast Group (NASDAQ:BBGI) last released its earnings results on Tuesday, November 5th. The company reported ($2.33) EPS for the quarter. The company had revenue of $58.19 million for the quarter, compared to analyst estimates 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 posted $1.80 EPS.

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.