B. Riley Financial (NASDAQ:RILY) Share Price Crosses Below 50-Day Moving Average – Time to Sell?

Shares of B. Riley Financial, Inc. (NASDAQ:RILY) crossed below its 50-day moving average during trading on Thursday . The stock has a 50-day moving average of $4.59 and traded as low as $2.95. B. Riley Financial shares last traded at $3.08, with a volume of 1,846,828 shares traded.

Analyst Ratings Changes

Separately, StockNews.com raised B. Riley Financial to a “sell” rating in a report on Tuesday, January 14th.

B. Riley Financial Stock Performance

The stock’s 50-day moving average is $4.56 and its 200 day moving average is $5.43. The stock has a market capitalization of $103.70 million, a PE ratio of -0.16 and a beta of 1.30.

B. Riley Financial (NASDAQ:RILY) last released its quarterly earnings data on Friday, February 21st. The asset manager reported ($4.97) earnings per share (EPS) for the quarter. B. Riley Financial had a negative net margin of 48.04% and a negative return on equity of 236.88%. The company had revenue of $199.31 million during the quarter.

Institutional Inflows and Outflows

Hedge funds have recently added to or reduced their stakes in the company. Point72 Asia Singapore Pte. Ltd. acquired a new stake in shares of B. Riley Financial in the third quarter valued at approximately $29,000. Albion Financial Group UT purchased a new stake in B. Riley Financial in the 4th quarter valued at $30,000. Wells Fargo & Company MN boosted its stake in B. Riley Financial by 44.8% during the 4th quarter. Wells Fargo & Company MN now owns 9,543 shares of the asset manager’s stock worth $44,000 after purchasing an additional 2,952 shares during the period. Jones Financial Companies Lllp grew its position in B. Riley Financial by 1,049.1% during the 4th quarter. Jones Financial Companies Lllp now owns 9,710 shares of the asset manager’s stock worth $45,000 after purchasing an additional 8,865 shares during the last quarter. Finally, Intech Investment Management LLC purchased a new position in B. Riley Financial during the 4th quarter worth $46,000. Hedge funds and other institutional investors own 50.20% of the company’s stock.

About B. Riley Financial

B. Riley Financial, Inc, through its subsidiaries, provides financial services to corporate, institutional, and high net worth clients in North America, Australia, the Asia Pacific, and Europe. The company operates through six segments: Capital Markets, Wealth Management, Financial Consulting, Auction and Liquidation, Communications, and Consumer.