Beasley Stock Sliding Toward New Year-To-Date Low

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The first quarter of 2019 ends in two weeks, and that can’t come soon enough for Beasley Media Group.


The company still trading as Beasley Broadcast Group (BBGI) continued to see weakness in its publicly traded stock on Friday.

As of 3:15pm Eastern, BBGI was down 3 cents to $4.05 on higher-than-average trading volume of 44,200 shares; average volume for lightly traded Beasley is 38,815 shares.

In midday trading, shares slid below the important $4 mark, dipping to $3.97, before staging a small recovery.

Should BBGI finish at $4.05, or not, one thing is for certain: Beasley shares have been at this level three times since the start of 2019. The first time was on January 3, when a $4.09 finish was seen.

On February 8, a $4 closing price was logged. However, BBGI had climbed to $4.53 by February 19.

Beasley carries a 1-year target estimate of $6.

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