Beasley Broadcast Group (NASDAQ:BBGI) Stock Passes Above 200 Day Moving Average – What’s Next?

Posted by Defense World Staff on Feb 14th, 2025

Beasley Broadcast Group, Inc. (NASDAQ:BBGI – Get Free Report)’s share price passed above its two hundred day moving average during trading on Thursday . The stock has a two hundred day moving average of $0.00 and traded as high as $7.98. Beasley Broadcast Group shares last traded at $7.80, with a volume of 1,360 shares trading hands.

Analyst Upgrades and Downgrades

Separately, StockNews.com initiated coverage on Beasley Broadcast Group in a report on Friday. They issued a “hold” rating for the company.

Read Our Latest Research Report on Beasley Broadcast Group

Beasley Broadcast Group Price Performance

The company has a debt-to-equity ratio of 1.82, a current ratio of 1.60 and a quick ratio of 1.60. The stock has a market capitalization of $12.01 million, a PE ratio of 4.67 and a beta of 0.86. The stock’s fifty day moving average price is $8.64.

Hedge Funds Weigh In On Beasley Broadcast Group

A number of hedge funds and other institutional investors have recently bought and sold shares of the stock. Geode Capital Management LLC boosted 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 during the period. Gabelli Funds LLC boosted its position in shares of Beasley Broadcast Group by 12.6% during the fourth quarter. Gabelli Funds LLC now owns 25,900 shares of the company’s stock worth $244,000 after buying an additional 2,900 shares during the period. Finally, Gamco Investors INC. ET AL boosted its position in shares of Beasley Broadcast Group by 60.7% during the fourth quarter. Gamco Investors INC. ET AL now owns 59,691 shares of the company’s stock worth $562,000 after buying an additional 22,536 shares during the period. 21.73% of the stock is currently owned by institutional investors and hedge funds.

About Beasley Broadcast Group

(Get Free Report)

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.