B. Riley Financial (NASDAQ:RILY) Stock Passes Below Fifty Day Moving Average – Should You Sell?

Shares of B. Riley Financial, Inc. (NASDAQ:RILY) crossed below its 50-day moving average during trading on Wednesday . The stock has a 50-day moving average of $5.95 and traded as low as $5.09. B. Riley Financial shares last traded at $5.14, with a volume of 531,971 shares trading hands.

Wall Street Analyst Weigh In

Separately, Weiss Ratings reaffirmed a “sell (d-)” rating on shares of B. Riley Financial in a research note on Wednesday, October 8th. One analyst has rated the stock with a Sell rating, According to data from MarketBeat.com, B. Riley Financial currently has an average rating of “Sell”.

B. Riley Financial Price Performance

The company has a market cap of $157.28 million, a P/E ratio of -0.20 and a beta of 1.47. The stock has a 50-day moving average of $5.95 and a 200 day moving average of $4.45.

B. Riley Financial (NASDAQ:RILY) last released its earnings results on Thursday, March 16th. The asset manager reported $2.70 earnings per share (EPS) for the quarter. The business had revenue of $345.47 million during the quarter.

Hedge Funds Weigh In On B. Riley Financial

Institutional investors have recently added to or reduced their stakes in the business. Farther Finance Advisors LLC bought a new stake in shares of B. Riley Financial during the third quarter valued at approximately $25,000. Matauro LLC bought a new stake in B. Riley Financial during the third quarter worth $238,000. B. Riley Wealth Advisors Inc. bought a new position in B. Riley Financial in the 2nd quarter valued at $154,000. Engineers Gate Manager LP grew its stake in B. Riley Financial by 70.0% in the 2nd quarter. Engineers Gate Manager LP now owns 17,106 shares of the asset manager’s stock valued at $51,000 after purchasing an additional 7,044 shares during the period. Finally, Federated Hermes Inc. grew its stake in B. Riley Financial by 78.0% in the 2nd quarter. Federated Hermes Inc. now owns 179,960 shares of the asset manager’s stock valued at $534,000 after purchasing an additional 78,847 shares during the period. 50.20% of the stock is owned by institutional investors and hedge funds.

B. Riley Financial Company Profile

B. Riley Financial, Inc, through its subsidiaries, provides financial services to corporate, institutional, and high net worth clients in North America, Australia, the Asia Pacific, and Europe. The company operates through six segments: Capital Markets, Wealth Management, Financial Consulting, Auction and Liquidation, Communications, and Consumer.