Beasley Broadcast Group (NASDAQ:BBGI) Share Price Crosses Above Two Hundred Day Moving Average – Should You Sell?

Beasley Broadcast Group, Inc. (NASDAQ:BBGI)’s stock price passed above its 200-day moving average during trading on Tuesday . The stock has a 200-day moving average of $6.68 and traded as high as $17.69. Beasley Broadcast Group shares last traded at $15.78, with a volume of 35,158 shares trading hands.

Wall Street Analyst Weigh In

Separately, Weiss Ratings restated a “sell (d)” rating on shares of Beasley Broadcast Group in a research report on Friday, March 27th. One equities research analyst has rated the stock with a Sell rating, Based on data from MarketBeat, the stock currently has a consensus rating of “Sell”.

Beasley Broadcast Group Trading Down 12.3%

The company has a quick ratio of 1.00, a current ratio of 1.00 and a debt-to-equity ratio of 1.68. The firm’s 50 day simple moving average is $9.82 and its 200-day simple moving average is $6.68. The company has a market capitalization of $28.50 million, a PE ratio of -0.14 and a beta of 4.69.

Institutional Inflows and Outflows

A number of institutional investors have recently made changes to their positions in the company. Gamco Investors INC. ET AL lifted its position in shares of Beasley Broadcast Group by 22.3% during the third quarter. Gamco Investors INC. ET AL now owns 56,154 shares of the company’s stock worth $296,000 after purchasing an additional 10,238 shares in the last quarter. Susquehanna International Group LLP acquired a new stake in Beasley Broadcast Group in the third quarter valued at $85,000. Osaic Holdings Inc. acquired a new stake in shares of Beasley Broadcast Group during the second quarter worth $83,000. Finally, HRT Financial LP acquired a new stake in shares of Beasley Broadcast Group during the fourth quarter worth $129,000. 21.73% of the stock is owned by institutional investors and hedge funds.

Beasley Broadcast Group Company Profile

Beasley Broadcast Group, Inc is a diversified media company primarily engaged in the ownership, operation and licensing of radio broadcast stations across the United States. Headquartered in Naples, Florida, the company provides local and regional audiences with a mix of music, news, talk and sports programming designed to serve diverse demographic markets. Through its portfolio of stations, Beasley generates advertising revenues by offering on-air spots, sponsorships and promotional partnerships to national and local advertisers.

In addition to traditional over-the-air programming, Beasley Broadcast Group offers digital services that include live audio streaming, podcast production, mobile apps and website content for many of its radio brands.