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

StockNews.com initiated coverage on shares of Beasley Broadcast Group (NASDAQ:BBGI) in a research report report published on Monday. The firm issued a hold rating on the stock.

Beasley Broadcast Group Stock Performance

BBGI opened at $0.61 on Monday. The company has a debt-to-equity ratio of 1.77, a current ratio of 1.92 and a quick ratio of 1.92. The company has a market cap of $18.56 million, a price-to-earnings ratio of -0.26 and a beta of 1.00. The firm has a 50 day simple moving average of $0.65 and a 200 day simple moving average of $0.75. Beasley Broadcast Group has a fifty-two week low of $0.58 and a fifty-two week high of $1.28.

Institutional Investors Weigh In On Beasley Broadcast Group

A hedge fund recently bought a new stake in Beasley Broadcast Group stock. Mount Yale Investment Advisors LLC bought a new stake in Beasley Broadcast Group, Inc. (NASDAQ:BBGI) in the 1st quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor bought 44,000 shares of the company’s stock, valued at approximately $34,000. Mount Yale Investment Advisors LLC owned approximately 0.15% of Beasley Broadcast Group as of its most recent filing with the Securities and Exchange Commission (SEC). 21.73% of the stock is currently owned by institutional investors.

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.