Beasley’s Six-Month Swoon On Wall Street

0

Six months ago, Beasley Broadcast Group shares were poised to hit the $6.75 mark. Instead, they plunged to a low of $3.25 seen on the day after Christmas. Today, BBGI continues to struggle under the $4 barrier.


Traded on Nasdaq, Beasley’s stock carries a 1-year target estimate of $5.75.

Today, it is exactly two dollars below that benchmark, with shares falling 1.32% in Friday’s trading.

Volume was typically low for BBGI, with some 26,605 shares traded; average trading for the radio broadcasting company is 35,950 shares.

A rather positive Q1 report released earlier this week failed to ignite Beasley shares, which have flat-lined since the steep drop seen in the final weeks of 2018.