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

Analysts at StockNews.com assumed coverage on shares of Beasley Broadcast Group (NASDAQ:BBGI) in a research note issued on Thursday. The brokerage set a “hold” rating on the stock.

Beasley Broadcast Group Stock Up 4.5 %

Shares of Beasley Broadcast Group stock opened at $8.20 on Thursday. The company has a market capitalization of $12.59 million, a PE ratio of 4.91 and a beta of 0.86. 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’s 50 day moving average is $8.74. Beasley Broadcast Group has a 12-month low of $7.60 and a 12-month high of $18.60.

Beasley Broadcast Group (NASDAQ:BBGI) last announced its earnings results on Tuesday, November 5th. The company reported ($2.33) earnings per share (EPS) for the quarter. Beasley Broadcast Group had a negative return on equity of 5.12% and a net margin of 1.07%. The company had revenue of $58.19 million for the quarter, compared to the consensus estimate of $61.10 million. During the same period in the previous year, the company earned $1.80 EPS.

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.