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

StockNews.com started coverage on shares of Beasley Broadcast Group (NASDAQ:BBGI) in a research report report published on Wednesday morning. The brokerage issued a hold rating on the stock.

Beasley Broadcast Group Stock Up 7.7 %

Shares of NASDAQ BBGI opened at $8.62 on Wednesday. The stock’s fifty day moving average price is $10.77. The company has a market capitalization of $13.27 million, a PE ratio of 5.16 and a beta of 0.88. Beasley Broadcast Group has a twelve month low of $7.66 and a twelve month high of $20.00. The company has a current ratio of 1.60, a quick ratio of 1.60 and a debt-to-equity ratio of 1.82.

Beasley Broadcast Group (NASDAQ:BBGI) last announced its quarterly earnings results on Tuesday, November 5th. The company reported ($2.33) earnings per share for the quarter. The firm had revenue of $58.19 million for the quarter, compared to the consensus estimate 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 period in the prior year, the business earned $1.80 earnings per share. On average, research analysts anticipate that Beasley Broadcast Group will post -1.2 EPS for the current fiscal year.

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.