B. Riley Financial (NASDAQ:RILY) Stock Passes Below 50-Day Moving Average – What’s Next?

B. Riley Financial, Inc. (NASDAQ:RILY)’s stock price passed below its fifty day moving average during trading on Wednesday . The stock has a fifty day moving average of $4.76 and traded as low as $4.16. B. Riley Financial shares last traded at $4.32, with a volume of 494,274 shares changing hands.

Wall Street Analysts Forecast Growth

Separately, StockNews.com upgraded shares of B. Riley Financial to a “sell” rating in a research report on Tuesday, January 14th.

B. Riley Financial Stock Up 0.7 %

The stock has a market capitalization of $131.76 million, a PE ratio of -0.21 and a beta of 1.30. The firm’s fifty day moving average is $4.76 and its 200-day moving average is $6.14.

B. Riley Financial (NASDAQ:RILY) last released its earnings results on Monday, January 13th. The asset manager reported ($14.35) earnings per share (EPS) for the quarter. B. Riley Financial had a negative return on equity of 236.88% and a negative net margin of 48.04%.

Institutional Investors Weigh In On B. Riley Financial

Hedge funds and other institutional investors have recently bought and sold shares of the business. Straight Path Wealth Management increased its holdings in shares of B. Riley Financial by 30.0% in the 3rd quarter. Straight Path Wealth Management now owns 84,500 shares of the asset manager’s stock valued at $444,000 after purchasing an additional 19,500 shares in the last quarter. FMR LLC grew its position in B. Riley Financial by 1,085.3% during the third quarter. FMR LLC now owns 10,075 shares of the asset manager’s stock worth $53,000 after buying an additional 9,225 shares during the period. BNP Paribas Financial Markets grew its position in B. Riley Financial by 136.0% during the third quarter. BNP Paribas Financial Markets now owns 21,787 shares of the asset manager’s stock worth $114,000 after buying an additional 12,557 shares during the period. Point72 Asia Singapore Pte. Ltd. purchased a new stake in shares of B. Riley Financial during the 3rd quarter worth approximately $29,000. Finally, Point72 DIFC Ltd purchased a new stake in shares of B. Riley Financial during the 3rd quarter worth approximately $70,000. Institutional investors and hedge funds own 50.20% of the company’s stock.

About B. Riley Financial

B. Riley Financial, Inc, through its subsidiaries, provides financial services to corporate, institutional, and high net worth clients in North America, Australia, the Asia Pacific, and Europe. The company operates through six segments: Capital Markets, Wealth Management, Financial Consulting, Auction and Liquidation, Communications, and Consumer.