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

Research analysts at StockNews.com started coverage on shares of Beasley Broadcast Group (NASDAQ:BBGI) in a research report issued to clients and investors on Sunday. The firm set a “hold” rating on the stock.

Beasley Broadcast Group Price Performance

Shares of BBGI opened at $9.19 on Friday. The firm has a 50-day simple moving average of $9.27. The company has a quick ratio of 1.60, a current ratio of 1.60 and a debt-to-equity ratio of 1.82. The firm has a market cap of $14.12 million, a P/E ratio of 5.50 and a beta of 0.85. Beasley Broadcast Group has a fifty-two week low of $7.60 and a fifty-two week high of $19.60.

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