Beasley Media Group is expected to unmask its Q3 earnings between Halloween and November 4.
Will investors be treated to a not-so-scary report, or is a fright fest on the way? The latter may be the case, given BBGI’s late-afternoon slide.
It sent Beasley shares cascading to a fresh five-year low.
With high volume of 46,720 shares (average volume is 25,412 shares), BBGI started Tuesday’s trading on an upnote.
Things were positive until 2:30pm.
Then, BBGI suddenly dipped to $2.89 from $2.94 — and then fell in the final 15 minutes of trading to $2.87, marking a 1% dip from Monday.
For long-term owners of Beasley stock, the finish is punishing when looking at a graph of the company’s 52-week performance.
One year ago, BBGI was priced at $6.61.
In May and June 2018, the stock was consistently in the low-$11 range.
In December 2017, a $13.40 close was seen.
Now, BBGI is back to pricing last seen in June 2009.