MasterBeef Group (NASDAQ:MB) Stock Crosses Above 200 Day Moving Average – Should You Sell?

Shares of MasterBeef Group (NASDAQ:MB) crossed above its 200-day moving average during trading on Friday . The stock has a 200-day moving average of $6.31 and traded as high as $6.85. MasterBeef Group shares last traded at $6.60, with a volume of 5,396 shares traded.

Wall Street Analysts Forecast Growth

Separately, Weiss Ratings raised shares of MasterBeef Group from a “sell (d-)” rating to a “sell (d)” rating in a research report on Friday, May 1st. One analyst has rated the stock with a Sell rating, Based on data from MarketBeat.com, the company currently has a consensus rating of “Sell”.

MasterBeef Group Stock Down 7.2%

The company’s 50-day moving average price is $6.49 and its 200-day moving average price is $6.31. The company has a current ratio of 1.55, a quick ratio of 1.38 and a debt-to-equity ratio of 1.54.

MasterBeef Group (NASDAQ:MB) last released its earnings results on Friday, May 15th. The technology company reported ($0.08) earnings per share for the quarter. The company had revenue of $14.80 million for the quarter.

Institutional Inflows and Outflows

A hedge fund recently bought a new stake in MasterBeef Group stock. Geode Capital Management LLC purchased a new stake in MasterBeef Group (NASDAQ:MB) in the second quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm purchased 10,878 shares of the technology company’s stock, valued at approximately $92,000. Geode Capital Management LLC owned about 0.06% of MasterBeef Group at the end of the most recent reporting period.

About MasterBeef Group

MINDBODY, Inc operates a cloud-based business management software and payments platform for the small and medium-sized businesses in the wellness services industry. Its platform enables businesses to run, market, and build scheduling and online booking, performance tracking, staff management, client relationship management, integrated payment processing, retail point-of-sale, purchase tracking, inventory, hardware integration, analytics and reporting, branded Web, mobility, social integration, client acquisition dashboard, security and compliance, and integration with other cloud-based partners for yoga, Pilates, indoor cycling, group and personal training, boutique fitness, salons, spas, and integrative health businesses.