MasterBeef Group (NASDAQ:MB) Shares Pass Above 200 Day Moving Average - Time to Sell?

MasterBeef Group (NASDAQ:MB - Get Free Report)'s stock price crossed above its 200-day moving average during trading on Tuesday . The stock has a 200-day moving average of $6.61 and traded as high as $9.50. MasterBeef Group shares last traded at $8.91, with a volume of 57,703 shares changing hands.

Analysts Set New Price Targets

Separately, Weiss Ratings raised MasterBeef Group from a "sell (d-)" rating to a "sell (d)" rating in a report on Friday. One research analyst has rated the stock with a Sell rating, Based on data from MarketBeat, MasterBeef Group has a consensus rating of "Sell".

MasterBeef Group Price Performance

The company has a 50-day moving average of $5.97 and a 200 day moving average of $6.61.

Institutional Inflows and Outflows

A hedge fund recently bought a new stake in MasterBeef Group stock. Geode Capital Management LLC purchased a new position in MasterBeef Group (NASDAQ:MB - Free Report) in the 2nd quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm purchased 10,878 shares of the technology company's stock, valued at approximately $92,000. Geode Capital Management LLC owned approximately 0.06% of MasterBeef Group at the end of the most recent quarter.

About MasterBeef Group

MINDBODY, Inc operates a cloud-based business management software and payments platform for the small and medium-sized businesses in the wellness services industry. Its platform enables businesses to run, market, and build scheduling and online booking, performance tracking, staff management, client relationship management, integrated payment processing, retail point-of-sale, purchase tracking, inventory, hardware integration, analytics and reporting, branded Web, mobility, social integration, client acquisition dashboard, security and compliance, and integration with other cloud-based partners for yoga, Pilates, indoor cycling, group and personal training, boutique fitness, salons, spas, and integrative health businesses.

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