StockNews.com Initiates Coverage on Beasley Broadcast Group (NASDAQ:BBGI)

StockNews.com started coverage on shares of Beasley Broadcast Group (NASDAQ:BBGI) in a research note issued to investors on Saturday. The brokerage issued a hold rating on the stock.

Beasley Broadcast Group Stock Up 1.8 %

Shares of NASDAQ:BBGI opened at $8.64 on Friday. The stock has a market cap of $13.27 million, a PE ratio of 5.17 and a beta of 0.88. Beasley Broadcast Group has a 52 week low of $7.60 and a 52 week high of $20.00. The company has a quick ratio of 1.60, a current ratio of 1.60 and a debt-to-equity ratio of 1.82. The business has a fifty day simple moving average of $9.57.

Beasley Broadcast Group (NASDAQ:BBGI) last released its earnings results on Tuesday, November 5th. The company reported ($2.33) earnings per share for the quarter. The business had revenue of $58.19 million for 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 last year, the business posted $1.80 earnings per share. On average, analysts expect that Beasley Broadcast Group will post -1.2 earnings per share for the current year.

About Beasley Broadcast Group

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.