Beasley Broadcast Group (NASDAQ:BBGI) Coverage Initiated at StockNews.com

Stock analysts at StockNews.com initiated coverage on shares of Beasley Broadcast Group (NASDAQ:BBGI) in a research report issued on Wednesday. The firm set a “hold” rating on the stock.

Beasley Broadcast Group Stock Down 2.8 %

BBGI stock opened at $7.89 on Wednesday. Beasley Broadcast Group has a 52-week low of $7.60 and a 52-week high of $18.80. The company has a debt-to-equity ratio of 1.82, a quick ratio of 1.60 and a current ratio of 1.60. The stock has a market cap of $12.14 million, a price-to-earnings ratio of 4.72 and a beta of 0.85. The stock’s 50-day moving average price is $8.80.

Beasley Broadcast Group (NASDAQ:BBGI) last issued its quarterly earnings results on Tuesday, November 5th. The company reported ($2.33) earnings per share (EPS) for the quarter. The business had revenue of $58.19 million for the quarter, compared to analysts’ expectations 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 posted $1.80 EPS.

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.