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

Beasley Broadcast Group, Inc. (NASDAQ:BBGI)’s share price passed above its 200-day moving average during trading on Thursday . The stock has a 200-day moving average of $0.00 and traded as high as $8.98. Beasley Broadcast Group shares last traded at $8.98, with a volume of 1,560 shares.

Wall Street Analysts Forecast Growth

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

Beasley Broadcast Group Price Performance

The company has a quick ratio of 1.60, a current ratio of 1.60 and a debt-to-equity ratio of 1.82. The business’s fifty day moving average is $10.22. The company has a market cap of $13.79 million, a price-to-earnings ratio of 5.38 and a beta of 0.88.

Beasley Broadcast Group (NASDAQ:BBGI) last posted its quarterly earnings data on Tuesday, November 5th. The company reported ($2.33) earnings per share for the quarter. The firm had revenue of $58.19 million for the quarter, compared to analyst estimates of $61.10 million. Beasley Broadcast Group had a negative return on equity of 5.12% and a net margin of 1.07%. During the same quarter last year, the company earned $1.80 earnings per share. On average, sell-side analysts forecast that Beasley Broadcast Group, Inc. will post -1.2 EPS 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.