Beasley Broadcast Group Inc. (BBGI) has been one of the best performers amongst all NYSE and NASDAQ listed stocks in the services sector during morning trading on April 21. At the lunch break, shares of BBGI have tacked on 3.76% to $13.8 after closing the day prior at $13.3. In the first two and a half hours of trading, the stock has gone as high as $13.8 and as low as $13.18. Today’s rise has come with about 22,635 shares changing hands, compared to an average 30-day volume of 28,520 for Beasley Broadcast Group Inc.. The price is currently below the 30-day volume weighted average price of $13.53 for BBGI.
The share appreciation gives the company a market capitalization of $383.43 million based upon 28.83 million shares outstanding. It also means that BBGI has a price-to-book ratio of 1.84:1.
In the past 52 weeks, shares of BBGI have traded as low as $3.64 and as high as $14.25. Technical traders will take note that at $13.8, shares of BBGI are trading above their 200-day MA at $6.91 and above their 50-day MA at $10.89. Technical analysts pay close attention to these key moving averages because they often serve as technical support and resistance levels and because a move through or holding above them is typically regarded as bullish.
Who is BBGI?
Beasley Broadcast Group Inc is a radio broadcasting company. The Company operates radio stations including FM and AM radio stations located in large and mid-sized markets in the United States. The company’s 1406 employees are led by CEO Caroline Beasley from the corporate headquarters at 3033 Riviera Drive in Naples, FL.
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