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

Equities researchers at StockNews.com started coverage on shares of Beasley Broadcast Group (NASDAQ:BBGI) in a research note issued to investors on Thursday. The brokerage set a “hold” rating on the stock.

Beasley Broadcast Group Price Performance

Shares of NASDAQ BBGI opened at $7.76 on Thursday. 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 cap of $11.95 million, a PE ratio of 4.65 and a beta of 0.86. Beasley Broadcast Group has a one year low of $7.60 and a one year high of $18.40. The company’s fifty day moving average price is $8.71.

Beasley Broadcast Group (NASDAQ:BBGI) last issued its quarterly earnings data on Tuesday, November 5th. The company reported ($2.33) earnings per share (EPS) for the quarter. The business had revenue of $58.19 million during the quarter, compared to analysts’ expectations 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 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.