Beasley Broadcast Group Stock Scheduled to Reverse Split on Tuesday, September 24th (NASDAQ:BBGI)

Beasley Broadcast Group, Inc. (NASDAQ:BBGI) shares are set to reverse split on the morning of Tuesday, September 24th. The 1-20 reverse split was announced on Thursday, September 19th. The number of shares owned by shareholders will be adjusted after the market closes on Monday, September 23rd.

Beasley Broadcast Group Price Performance

BBGI opened at $0.52 on Friday. Beasley Broadcast Group has a fifty-two week low of $0.42 and a fifty-two week high of $1.00. The firm has a 50-day moving average of $0.62 and a 200 day moving average of $0.68. The firm has a market cap of $15.79 million, a P/E ratio of -0.22 and a beta of 1.00. The company has a debt-to-equity ratio of 1.78, a quick ratio of 1.77 and a current ratio of 1.77.

Beasley Broadcast Group (NASDAQ:BBGI) last issued its earnings results on Monday, August 12th. The company reported ($0.01) earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of ($0.03) by $0.02. The business had revenue of $60.44 million for the quarter, compared to analysts’ expectations of $60.80 million. Beasley Broadcast Group had a negative net margin of 25.52% and a negative return on equity of 0.96%. During the same quarter in the previous year, the firm posted ($0.08) EPS. On average, research analysts expect that Beasley Broadcast Group will post -0.06 EPS for the current year.

Wall Street Analysts Forecast Growth

Separately, StockNews.com initiated coverage on shares of Beasley Broadcast Group in a report on Sunday, September 15th. They set a “hold” rating for the company.

Institutional Trading of Beasley Broadcast Group

A hedge fund recently bought a new stake in Beasley Broadcast Group stock. Mount Yale Investment Advisors LLC purchased a new position in Beasley Broadcast Group, Inc. (NASDAQ:BBGI) in the first quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor purchased 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 SEC filing. Hedge funds and other institutional investors own 21.73% of the company’s stock.

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.