B. Riley Financial (NASDAQ:RILY) Share Price Crosses Above Fifty Day Moving Average – Time to Sell?

B. Riley Financial, Inc. (NASDAQ:RILY)’s stock price passed above its 50 day moving average during trading on Wednesday . The stock has a 50 day moving average of $4.56 and traded as high as $4.61. B. Riley Financial shares last traded at $4.22, with a volume of 1,417,312 shares trading hands.

Wall Street Analyst Weigh In

Separately, StockNews.com upgraded B. Riley Financial to a “sell” rating in a research note on Monday, February 24th.

B. Riley Financial Trading Up 4.2 %

The stock has a market capitalization of $128.70 million, a P/E ratio of -0.20 and a beta of 1.23. The firm’s fifty day moving average is $4.56 and its 200-day moving average is $4.99.

B. Riley Financial (NASDAQ:RILY) last posted its earnings results on Friday, February 21st. The asset manager reported ($4.97) earnings per share (EPS) for the quarter. The firm had revenue of $199.31 million during the quarter. B. Riley Financial had a negative net margin of 48.04% and a negative return on equity of 236.88%.

Institutional Trading of B. Riley Financial

Several large investors have recently made changes to their positions in RILY. Federated Hermes Inc. grew its holdings in B. Riley Financial by 144.1% during the 4th quarter. Federated Hermes Inc. now owns 53,926 shares of the asset manager’s stock worth $248,000 after acquiring an additional 31,835 shares during the last quarter. Toronto Dominion Bank lifted its position in shares of B. Riley Financial by 666,766.7% during the fourth quarter. Toronto Dominion Bank now owns 20,006 shares of the asset manager’s stock worth $92,000 after purchasing an additional 20,003 shares in the last quarter. Sanctuary Advisors LLC acquired a new position in shares of B. Riley Financial during the third quarter worth approximately $100,000. XTX Topco Ltd grew its stake in shares of B. Riley Financial by 72.9% during the third quarter. XTX Topco Ltd now owns 33,755 shares of the asset manager’s stock valued at $177,000 after purchasing an additional 14,232 shares during the last quarter. Finally, Point72 DIFC Ltd acquired a new stake in shares of B. Riley Financial in the third quarter valued at approximately $70,000. Institutional investors own 50.20% of the company’s stock.

B. Riley Financial Company Profile

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.