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

StockNews.com began coverage on shares of Beasley Broadcast Group (NASDAQ:BBGI) in a research report released on Tuesday morning. The firm issued a hold rating on the stock.

Beasley Broadcast Group Stock Down 1.4 %

NASDAQ:BBGI opened at $8.29 on Tuesday. Beasley Broadcast Group has a 52-week low of $7.60 and a 52-week high of $18.80. The company has a current ratio of 1.60, a quick ratio of 1.60 and a debt-to-equity ratio of 1.82. The firm has a market capitalization of $12.76 million, a price-to-earnings ratio of 4.96 and a beta of 0.85. The business’s 50-day moving average price is $8.81.

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 during 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 quarter in the previous year, the firm 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.