B. Riley Financial (NASDAQ:RILY) Share Price Crosses Above Fifty Day Moving Average - What's Next?

Key Points

• B. Riley's stock briefly crossed above its 50‑day moving average of $7.57, trading as high as $7.85 intraday, but it last traded at $6.92 and is down about 10.6%.
• Analyst sentiment is mixed—Wall Street Zen upgraded to a Buy while Weiss Ratings remains on Sell—and the stock's MarketBeat consensus rating is an average "Sell".
• The company has a market cap of $216.04 million and a very low P/E of 0.98; it reported $2.91 EPS on $75.7 million revenue last quarter, with institutional investors owning roughly 50.2% of shares.

B. Riley Financial, Inc. (NASDAQ:RILY - Get Free Report)'s stock price crossed above its 50 day moving average during trading on Thursday . The stock has a 50 day moving average of $7.57 and traded as high as $7.85. B. Riley Financial shares last traded at $6.92, with a volume of 1,419,558 shares.

Analyst Ratings Changes

A number of brokerages have recently commented on RILY. Wall Street Zen upgraded B. Riley Financial from a "hold" rating to a "buy" rating in a research report on Saturday, January 31st. Weiss Ratings reiterated a "sell (e+)" rating on shares of B. Riley Financial in a research report on Monday, December 29th. One analyst has rated the stock with a Sell rating, Based on data from MarketBeat, the stock has an average rating of "Sell".

B. Riley Financial Stock Down 10.6%

The firm has a market cap of $216.04 million, a price-to-earnings ratio of 0.98 and a beta of 1.27. The company has a 50-day moving average price of $7.57 and a 200 day moving average price of $6.05.

B. Riley Financial (NASDAQ:RILY - Get Free Report) last announced its quarterly earnings data on Wednesday, January 14th. The asset manager reported $2.91 earnings per share (EPS) for the quarter. The business had revenue of $75.70 million during the quarter.

Institutional Investors Weigh In On B. Riley Financial

A number of institutional investors have recently modified their holdings of the stock. XTX Topco Ltd raised its holdings in shares of B. Riley Financial by 4.2% during the second quarter. XTX Topco Ltd now owns 62,517 shares of the asset manager's stock worth $186,000 after acquiring an additional 2,531 shares in the last quarter. Russell Investments Group Ltd. increased its position in B. Riley Financial by 144.9% in the 2nd quarter. Russell Investments Group Ltd. now owns 14,504 shares of the asset manager's stock worth $43,000 after purchasing an additional 8,582 shares during the last quarter. Jump Financial LLC acquired a new stake in shares of B. Riley Financial during the 2nd quarter valued at about $45,000. Federated Hermes Inc. grew its stake in shares of B. Riley Financial by 78.0% in the 2nd quarter. Federated Hermes Inc. now owns 179,960 shares of the asset manager's stock valued at $534,000 after buying an additional 78,847 shares in the last quarter. Finally, Engineers Gate Manager LP increased its holdings in B. Riley Financial by 70.0% in the second quarter. Engineers Gate Manager LP now owns 17,106 shares of the asset manager's stock worth $51,000 after buying an additional 7,044 shares during the last quarter. Institutional investors and hedge funds own 50.20% of the company's stock.

About B. Riley Financial

B. Riley Financial, Inc, headquartered in Los Angeles, California, is a diversified financial services company offering a broad range of advisory and investment solutions to individual, corporate and institutional clients. Since its founding in 1997 by Bryant E. Riley, the firm has expanded its capabilities across two primary segments: financial solutions and operations solutions. Its financial solutions segment provides investment banking services, equity research, merger and acquisition advisory, corporate finance, restructuring advisory and private capital solutions.

In addition to traditional investment banking, B.

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