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

Equities researchers at StockNews.com initiated coverage on shares of Beasley Broadcast Group (NASDAQ:BBGI) in a research report issued on Tuesday. The brokerage set a “hold” rating on the stock.

Beasley Broadcast Group Stock Down 1.1 %

Shares of NASDAQ BBGI opened at $8.46 on Tuesday. 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 stock has a 50-day simple moving average of $8.81. The company has a market capitalization of $13.02 million, a PE ratio of 5.06 and a beta of 0.85. Beasley Broadcast Group has a 52-week low of $7.60 and a 52-week high of $18.80.

Beasley Broadcast Group (NASDAQ:BBGI) last released its earnings results on Tuesday, November 5th. The company reported ($2.33) EPS 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 net margin of 1.07% and a negative return on equity of 5.12%. During the same period in the prior year, the company earned $1.80 earnings per share.

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.