B. Riley Financial (NASDAQ:RILY) Shares Pass Below 50-Day Moving Average - What's Next?

B. Riley Financial, Inc. (NASDAQ:RILY - Get Free Report)'s stock price passed below its 50-day moving average during trading on Friday . The stock has a 50-day moving average of $3.03 and traded as low as $2.86. B. Riley Financial shares last traded at $2.93, with a volume of 957,151 shares changing hands.

Analyst Upgrades and Downgrades

Separately, Wall Street Zen raised B. Riley Financial to a "sell" rating in a research note on Monday, February 24th.

B. Riley Financial Trading Up 0.7%

The firm has a market capitalization of $89.37 million, a P/E ratio of -0.11 and a beta of 1.46. The company has a 50 day simple moving average of $3.03 and a two-hundred day simple moving average of $3.98.

Institutional Trading of B. Riley Financial

Several hedge funds have recently bought and sold shares of the stock. Jones Financial Companies Lllp grew its position in shares of B. Riley Financial by 1,049.1% during the fourth quarter. Jones Financial Companies Lllp now owns 9,710 shares of the asset manager's stock valued at $45,000 after purchasing an additional 8,865 shares in the last quarter. Intech Investment Management LLC bought a new position in B. Riley Financial during the fourth quarter valued at approximately $46,000. Toronto Dominion Bank grew its holdings in B. Riley Financial by 666,766.7% during the 4th quarter. Toronto Dominion Bank now owns 20,006 shares of the asset manager's stock valued at $92,000 after buying an additional 20,003 shares in the last quarter. Federated Hermes Inc. increased its stake in B. Riley Financial by 144.1% in the 4th quarter. Federated Hermes Inc. now owns 53,926 shares of the asset manager's stock worth $248,000 after acquiring an additional 31,835 shares during the last quarter. Finally, Vident Advisory LLC bought a new stake in B. Riley Financial in the 1st quarter worth approximately $41,000. Hedge funds and other institutional investors 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.