B. Riley Financial (NASDAQ:RILY) Stock Price Crosses Above 50-Day Moving Average - Here's Why

Key Points

• B. Riley Financial's stock (NASDAQ:RILY) has surpassed its 50-day moving average of $3.83, reaching a high of $5.27 during recent trading.
• The company has a market capitalization of $155.55 million and institutional investors hold approximately 50.20% of its shares, with several firms reporting significant increases in their stakes.
• B. Riley Financial operates across six segments, offering financial services to a variety of clients in North America, Australia, the Asia Pacific, and Europe.

B. Riley Financial, Inc. (NASDAQ:RILY - Get Free Report) crossed above its fifty day moving average during trading on Friday . The stock has a fifty day moving average of $3.83 and traded as high as $5.27. B. Riley Financial shares last traded at $5.10, with a volume of 798,457 shares changing hands.

B. Riley Financial Stock Down 5.0%

The business's 50-day simple moving average is $3.83 and its two-hundred day simple moving average is $3.87. The firm has a market cap of $155.55 million, a price-to-earnings ratio of -0.18 and a beta of 1.45.

Institutional Inflows and Outflows

Large investors have recently modified their holdings of the company. Vident Advisory LLC acquired a new position in shares of B. Riley Financial during the 1st quarter worth about $41,000. Invesco Ltd. raised its position in shares of B. Riley Financial by 4.6% during the 1st quarter. Invesco Ltd. now owns 161,794 shares of the asset manager's stock worth $626,000 after purchasing an additional 7,160 shares during the last quarter. Charles Schwab Investment Management Inc. raised its position in shares of B. Riley Financial by 110.6% during the 1st quarter. Charles Schwab Investment Management Inc. now owns 417,155 shares of the asset manager's stock worth $1,614,000 after purchasing an additional 219,114 shares during the last quarter. XTX Topco Ltd acquired a new position in shares of B. Riley Financial during the 1st quarter worth about $232,000. Finally, Federated Hermes Inc. raised its position in shares of B. Riley Financial by 87.5% during the 1st quarter. Federated Hermes Inc. now owns 101,113 shares of the asset manager's stock worth $391,000 after purchasing an additional 47,187 shares during the last quarter. Institutional investors and hedge funds own 50.20% of the company's stock.

B. Riley Financial Company Profile

B. Riley Financial, Inc, through its subsidiaries, provides financial services to corporate, institutional, and high net worth clients in North America, Australia, the Asia Pacific, and Europe. The company operates through six segments: Capital Markets, Wealth Management, Financial Consulting, Auction and Liquidation, Communications, and Consumer.