Baosheng Media Group (NASDAQ:BAOS) Trading Down 3.8% – Here’s What Happened

Baosheng Media Group Holdings Limited (NASDAQ:BAOS)’s share price was down 3.8% on Thursday . The stock traded as low as $2.68 and last traded at $2.77. Approximately 63,014 shares changed hands during mid-day trading, a decline of 70% from the average session volume of 209,604 shares. The stock had previously closed at $2.88.

Analyst Upgrades and Downgrades

Separately, Weiss Ratings restated 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 data from MarketBeat.com, Baosheng Media Group currently has an average rating of “Sell”.

Baosheng Media Group Price Performance

The business’s fifty day moving average price is $2.78 and its 200 day moving average price is $2.81.

Baosheng Media Group (NASDAQ:BAOS) last issued its quarterly earnings results on Friday, May 1st. The company reported ($2.56) earnings per share 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.