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

Key Points

• B. Riley Financial shares fell below their 50-day moving average, trading as low as $4.43 versus the $6.16 average, and closed at $4.44 on volume of 859,150 shares.
• Analyst sentiment remains negative: Wall Street Zen downgraded the stock to “hold,” Weiss Ratings maintained a “sell” assessment, and MarketBeat reports an average rating of “Sell.”
• The company reported quarterly revenue of $239.36 million and earnings of $0.45 per share, while hedge funds and institutional investors own approximately 50.2% of the stock.

Shares of B. Riley Financial, Inc. (NASDAQ:RILY - Get Free Report) crossed below its 50 day moving average during trading on Monday. The stock has a 50 day moving average of $6.16 and traded as low as $4.43. B. Riley Financial shares last traded at $4.44, with a volume of 859,150 shares traded.

Analyst Ratings Changes

RILY has been the topic of several research analyst reports. Wall Street Zen lowered B. Riley Financial from a "buy" rating to a "hold" rating in a research report on Saturday, August 8th. Weiss Ratings cut shares of B. Riley Financial from a "sell (d+)" rating to a "sell (d)" rating in a report on Thursday, October 8th. One research analyst has rated the stock with a Sell rating. According to data from MarketBeat, B. Riley Financial has an average rating of "Sell".

B. Riley Financial Stock Down 3.7%

The firm has a 50 day moving average of $6.16 and a two-hundred day moving average of $7.42. The company has a current ratio of 3.95, a quick ratio of 3.95 and a debt-to-equity ratio of 7.13. The stock has a market capitalization of $178.49 million, a PE ratio of 0.35 and a beta of 1.24.

B. Riley Financial (NASDAQ:RILY - Get Free Report) last posted its earnings results on Thursday, August 6th. The asset manager reported $0.45 earnings per share for the quarter. B. Riley Financial had a return on equity of 39,260.09% and a net margin of 35.88%. The company had revenue of $239.36 million for the quarter.

Hedge Funds Weigh In On B. Riley Financial

Hedge funds have recently added to or reduced their stakes in the business. State of Wyoming acquired a new position in B. Riley Financial during the first quarter worth about $359,000. Bank of America Corp DE lifted its holdings in shares of B. Riley Financial by 2,715.4% in the first quarter. Bank of America Corp DE now owns 53,830 shares of the asset manager's stock valued at $394,000 after purchasing an additional 51,918 shares in the last quarter. Finally, Renaissance Technologies LLC acquired a new stake in shares of B. Riley Financial in the first quarter valued at approximately $1,832,000. 50.20% of the stock is currently owned by hedge funds and other institutional investors.

B. Riley Financial Company Profile

B. Riley Financial, Inc is a diversified financial services company that provides investment banking, institutional brokerage, wealth management, asset management and related advisory services. Through its operating businesses, the company serves corporations, institutional investors, high-net-worth individuals, private equity sponsors and other financial market participants.

Its businesses have included B. Riley Securities, which offers investment banking, equity research, sales and trading, and corporate finance services; B.

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