Beasley Broadcast Group (NASDAQ:BBGI) Earns Hold Rating from Analysts at StockNews.com

Analysts at StockNews.com initiated coverage on shares of Beasley Broadcast Group (NASDAQ:BBGI) in a research report issued on Wednesday. The brokerage set a “hold” rating on the stock.

Beasley Broadcast Group Trading Up 2.0 %

Shares of NASDAQ:BBGI opened at $8.27 on Wednesday. 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 50 day moving average is $8.80. The stock has a market cap of $12.73 million, a P/E ratio of 4.95 and a beta of 0.85. Beasley Broadcast Group has a twelve month low of $7.60 and a twelve month high of $18.80.

Beasley Broadcast Group (NASDAQ:BBGI) last released its quarterly earnings data on Tuesday, November 5th. The company reported ($2.33) earnings per share (EPS) for the quarter. Beasley Broadcast Group had a net margin of 1.07% and a negative return on equity of 5.12%. The company had revenue of $58.19 million during the quarter, compared to analyst estimates of $61.10 million. During the same quarter in the prior year, the company earned $1.80 EPS.

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.