Binah Capital Group (NASDAQ:BCG) Issues Earnings Results

Binah Capital Group (NASDAQ:BCG) issued its quarterly earnings data on Thursday. The company reported $0.08 EPS for the quarter, FiscalAI reports. Binah Capital Group had a negative net margin of 1.05% and a negative return on equity of 805.18%. The business had revenue of $46.20 million for the quarter.

Binah Capital Group Price Performance

NASDAQ:BCG traded up $0.59 during mid-day trading on Friday, reaching $2.01. The stock had a trading volume of 19,694,434 shares, compared to its average volume of 462,792. Binah Capital Group has a 12 month low of $1.36 and a 12 month high of $6.00. The stock has a 50-day simple moving average of $1.73 and a two-hundred day simple moving average of $1.98. The stock has a market capitalization of $33.42 million, a PE ratio of -16.39 and a beta of 0.40.

Hedge Funds Weigh In On Binah Capital Group

A hedge fund recently bought a new stake in Binah Capital Group stock. GRIMES & Co WEALTH MANAGEMENT LLC bought a new position in shares of Binah Capital Group, Inc. (NASDAQ:BCG) in the third quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm bought 33,482 shares of the company’s stock, valued at approximately $58,000. GRIMES & Co WEALTH MANAGEMENT LLC owned 0.20% of Binah Capital Group as of its most recent SEC filing. 4.97% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

Separately, Weiss Ratings reiterated a “sell (e+)” rating on shares of Binah Capital Group in a report on Wednesday, October 8th. One investment analyst has rated the stock with a Sell rating, According to MarketBeat, the stock currently has an average rating of “Sell”.

Binah Capital Group Company Profile

Binah Capital Group, Inc, together with its subsidiaries, operates in the wealth management industry. The company provides access to stock, bond, exchange-traded fund, and options execution services; and research, compliance, supervision, and accounting and related services for financial advisors. It also offers mutual funds and insurance products, as well as alternative investments, such as non-traded real estate investment trusts, unit trusts, and fixed and variable annuities.