Just before 2pm Eastern on Thursday, Beasley Broadcast Group stock took its second sharp dip of the day on average trading volume.
By 2:20pm Eastern, BBGI was at $3.62 per share — and moving perilously close to a fresh year-to-date low.
Beasley shares failed to gain ground following the company’s release of its Q1 earnings, earlier this week. Now, BBGI is within 10 cents of its April 25 close of $3.52.
Worse yet, Beasley’s average closing price mirrors that of April 2016.
BBGI has a 1-year target estimate of $5.75.
Want to know how other media stocks are faring during each business day? Visit the Wall Street Report on the homepage of RBR.com for all of the details, including the closing prices immediately after 4pm Eastern.
