Beasley Broadcast Group (NASDAQ:BBGI) Share Price Crosses Above Two Hundred Day Moving Average – Here’s Why

Shares of Beasley Broadcast Group, Inc. (NASDAQ:BBGI) passed above its 200-day moving average during trading on Monday . The stock has a 200-day moving average of $0.00 and traded as high as $6.37. Beasley Broadcast Group shares last traded at $5.90, with a volume of 4,167 shares.

Analyst Upgrades and Downgrades

Separately, StockNews.com assumed coverage on shares of Beasley Broadcast Group in a research note on Tuesday. They set a “hold” rating for the company.

Beasley Broadcast Group Stock Up 4.4 %

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 firm has a market cap of $9.31 million, a price-to-earnings ratio of 3.63 and a beta of 0.81. The company has a 50-day moving average of $7.82.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently modified their holdings of the business. Gamco Investors INC. ET AL raised its stake 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 valued at $562,000 after purchasing an additional 22,536 shares in the last quarter. Geode Capital Management LLC grew its position in Beasley Broadcast Group by 25.7% in the 4th quarter. Geode Capital Management LLC now owns 20,733 shares of the company’s stock valued at $192,000 after buying an additional 4,240 shares in the last quarter. Finally, Gabelli Funds LLC increased its stake in Beasley Broadcast Group by 12.6% during the 4th quarter. Gabelli Funds LLC now owns 25,900 shares of the company’s stock valued at $244,000 after buying an additional 2,900 shares during the period. Institutional investors own 21.73% of the company’s stock.

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.