B. Riley Financial (NASDAQ:RILY) Stock Passes Below Fifty Day Moving Average - Should You Sell?

B. Riley Financial, Inc. (NASDAQ:RILY - Get Free Report)'s stock price passed below its fifty day moving average during trading on Wednesday . The stock has a fifty day moving average of $5.95 and traded as low as $5.09. B. Riley Financial shares last traded at $5.14, with a volume of 531,971 shares traded.

Wall Street Analysts Forecast Growth

Separately, Weiss Ratings reiterated a "sell (d-)" rating on shares of B. Riley Financial in a research note on Wednesday, October 8th. One research analyst has rated the stock with a Sell rating, Based on data from MarketBeat, the stock currently has an average rating of "Sell".

B. Riley Financial Stock Performance

The firm has a market cap of $157.28 million, a price-to-earnings ratio of -0.20 and a beta of 1.47. The stock's fifty day moving average is $5.95 and its two-hundred day moving average is $4.45.

B. Riley Financial (NASDAQ:RILY - Get Free Report) last released its earnings results on Thursday, March 16th. The asset manager reported $2.70 EPS for the quarter. The company had revenue of $345.47 million for the quarter.

Hedge Funds Weigh In On B. Riley Financial

Several hedge funds and other institutional investors have recently added to or reduced their stakes in the business. Farther Finance Advisors LLC acquired a new stake in shares of B. Riley Financial in the third quarter worth $25,000. Matauro LLC acquired a new stake in shares of B. Riley Financial in the 3rd quarter valued at $238,000. B. Riley Wealth Advisors Inc. acquired a new position in B. Riley Financial during the 2nd quarter worth about $154,000. Engineers Gate Manager LP lifted its position in B. Riley Financial by 70.0% during the 2nd 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 in the last quarter. Finally, Federated Hermes Inc. lifted its position in B. Riley Financial by 78.0% during the 2nd quarter. Federated Hermes Inc. now owns 179,960 shares of the asset manager's stock worth $534,000 after buying an additional 78,847 shares in the last quarter. Institutional investors own 50.20% of the company's stock.

About B. Riley Financial

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.

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