StockNews.com Begins Coverage on Beasley Broadcast Group (NASDAQ:BBGI)

Research analysts at StockNews.com initiated coverage on shares of Beasley Broadcast Group (NASDAQ:BBGI) in a note issued to investors on Monday. The brokerage set a “hold” rating on the stock.

Beasley Broadcast Group Trading Up 2.5 %

BBGI stock opened at $8.86 on Monday. The company has a 50 day moving average price of $8.86. The firm has a market capitalization of $13.61 million, a P/E ratio of 5.31 and a beta of 0.85. Beasley Broadcast Group has a twelve month low of $7.60 and a twelve month high of $19.58. The company has a debt-to-equity ratio of 1.82, a current ratio of 1.60 and a quick ratio of 1.60.

Beasley Broadcast Group (NASDAQ:BBGI) last issued its quarterly earnings results on Tuesday, November 5th. The company reported ($2.33) earnings per share for the quarter. The business had revenue of $58.19 million for the quarter, compared to analyst estimates of $61.10 million. Beasley Broadcast Group had a negative return on equity of 5.12% and a net margin of 1.07%. During the same quarter in the prior year, the company earned $1.80 EPS. Research analysts predict that Beasley Broadcast Group will post -1.2 EPS for the current fiscal year.

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.