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

B. Riley Financial, Inc. (NASDAQ:RILY) shares passed below its fifty day moving average during trading on Monday . The stock has a fifty day moving average of $7.07 and traded as low as $6.16. B. Riley Financial shares last traded at $6.24, with a volume of 742,722 shares traded.

Analyst Ratings Changes

RILY has been the subject of a number of recent analyst reports. Wall Street Zen cut shares of B. Riley Financial from a “buy” rating to a “hold” rating in a research report on Saturday, August 8th. Weiss Ratings reissued a “sell (d+)” rating on shares of B. Riley Financial in a research note on Friday. One equities research analyst has rated the stock with a Sell rating, According to MarketBeat.com, the stock presently has an average rating of “Sell”.

B. Riley Financial Stock Performance

The stock has a market cap of $242.00 million, a P/E ratio of 0.47 and a beta of 1.22. The company has a debt-to-equity ratio of 7.13, a current ratio of 3.95 and a quick ratio of 3.95. The stock’s 50 day simple moving average is $7.04 and its two-hundred day simple moving average is $7.73.

B. Riley Financial (NASDAQ:RILY) last issued its quarterly earnings data on Thursday, August 6th. The asset manager reported $0.45 EPS for the quarter. The business had revenue of $239.36 million for the quarter. B. Riley Financial had a net margin of 35.88% and a return on equity of 39,260.09%.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently modified their holdings of the company. Bank of America Corp DE raised its position in B. Riley Financial by 2,715.4% in the 1st quarter. Bank of America Corp DE now owns 53,830 shares of the asset manager’s stock valued at $394,000 after buying an additional 51,918 shares during the last quarter. Renaissance Technologies LLC acquired a new position in B. Riley Financial during the 1st quarter worth approximately $1,832,000. Finally, State of Wyoming acquired a new position in B. Riley Financial during the 1st quarter worth approximately $359,000. 50.20% of the stock is owned by institutional investors and hedge funds.

About B. Riley Financial

B. Riley Financial, Inc is a diversified financial services company headquartered in Los Angeles, California. Through its subsidiaries and operating brands, the company provides investment banking, institutional brokerage, wealth management, asset management and financial advisory services to corporations, institutional investors, private equity sponsors, family offices and individual clients.

The company’s investment banking and brokerage operations, including B. Riley Securities, offer equity and debt financing, mergers and acquisitions advisory, research and sales and trading services.