Baosheng Media Group (NASDAQ:BAOS) Shares Down 0.2% – Time to Sell?

Baosheng Media Group Holdings Limited (NASDAQ:BAOS) shares dropped 0.2% during trading on Monday . The stock traded as low as $2.70 and last traded at $2.8140. Approximately 6,061 shares traded hands during trading, a decline of 56% from the average daily volume of 13,660 shares. The stock had previously closed at $2.82.

Analysts Set New Price Targets

Separately, Weiss Ratings reissued a “sell (d-)” rating on shares of Baosheng Media Group in a research note on Monday, April 20th. One investment analyst has rated the stock with a Sell rating, According to MarketBeat.com, Baosheng Media Group currently has a consensus rating of “Sell”.

Baosheng Media Group Stock Down 0.5%

The stock’s 50 day moving average is $2.67 and its two-hundred day moving average is $2.80.

Baosheng Media Group (NASDAQ:BAOS) last posted its earnings results on Friday, May 1st. The company reported ($2.56) EPS for the quarter. The company had revenue of $0.14 million for the quarter.

Baosheng Media Group Company Profile

Baosheng Media Group is a China-based animation and digital entertainment company focused on the creation, production and distribution of original animated content and digital comics. The company develops proprietary intellectual property (IP) and oversees the full production cycle, from storyboarding and character design to animation, post-production and voice-over recording.

Baosheng Media partners with leading digital streaming platforms such as Tencent Video, iQiyi and Bilibili to deliver its animation series and serialized comics to audiences across mainland China.