Beasley Broadcast Group (NASDAQ:BBGI) Shares Pass Above Two Hundred Day Moving Average – What’s Next?

Beasley Broadcast Group, Inc. (NASDAQ:BBGI)’s share price passed above its two hundred day moving average during trading on Monday . The stock has a two hundred 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 changing hands.

Analyst Upgrades and Downgrades

Separately, StockNews.com started coverage on Beasley Broadcast Group in a report on Tuesday. They issued a “hold” rating on the stock.

Beasley Broadcast Group Stock Up 1.5 %

The company has a debt-to-equity ratio of 1.82, a quick ratio of 1.60 and a current ratio of 1.60. The stock’s fifty day simple moving average is $7.89. The stock has a market capitalization of $9.06 million, a P/E ratio of 3.53 and a beta of 0.81.

Institutional Trading of Beasley Broadcast Group

Institutional investors and hedge funds have recently made changes to their positions in the stock. Geode Capital Management LLC lifted its position in shares of Beasley Broadcast Group by 25.7% in the fourth quarter. Geode Capital Management LLC now owns 20,733 shares of the company’s stock valued at $192,000 after acquiring an additional 4,240 shares in the last quarter. Gabelli Funds LLC lifted its position in shares of Beasley Broadcast Group by 12.6% in the fourth quarter. Gabelli Funds LLC now owns 25,900 shares of the company’s stock valued at $244,000 after acquiring an additional 2,900 shares in the last quarter. Finally, Gamco Investors INC. ET AL lifted its position in shares of Beasley Broadcast Group by 60.7% in the fourth quarter. Gamco Investors INC. ET AL now owns 59,691 shares of the company’s stock valued at $562,000 after acquiring an additional 22,536 shares in the last quarter. 21.73% of the stock is currently owned by hedge funds and other institutional investors.

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.