Big Sky Industrial Inc. Common Stock (NASDAQ:BSIN) Share Price Crosses Above 200 Day Moving Average - Time to Sell?

Key Points

• BSIN shares climbed above their 200-day moving average, reaching $1.48 and last trading at $1.46, compared with a 200-day average of $1.19.
• Analyst sentiment is mixed: two analysts rate the stock Buy, one Hold, and one Sell. The consensus rating is Hold, with an average price target of $2.75.
• The company remains financially challenged, reporting a negative net margin of 156.23% and negative return on equity of 34.42%, despite slightly beating quarterly earnings and revenue estimates.

Shares of Big Sky Industrial Inc. Common Stock (NASDAQ:BSIN - Get Free Report) passed above its 200-day moving average during trading on Monday. The stock has a 200-day moving average of $1.19 and traded as high as $1.48. Big Sky Industrial Inc. Common Stock shares last traded at $1.46, with a volume of 333,815 shares changing hands.

Analysts Set New Price Targets

Several analysts have commented on BSIN shares. Zacks Research upgraded shares of Big Sky Industrial Inc. Common Stock from a "strong sell" rating to a "hold" rating in a research report on Monday, July 13th. Johnson Rice raised Big Sky Industrial Inc. Common Stock from an "accumulate" rating to a "buy" rating and set a $2.00 price target on the stock in a research note on Monday, August 17th. Weiss Ratings restated a "sell (d-)" rating on shares of Big Sky Industrial Inc. Common Stock in a research report on Friday, September 25th. Finally, Wall Street Zen upgraded Big Sky Industrial Inc. Common Stock from a "sell" rating to a "hold" rating in a research report on Saturday, October 10th. Two investment analysts have rated the stock with a Buy rating, one has given a Hold rating and one has issued a Sell rating to the company's stock. According to MarketBeat, the stock has an average rating of "Hold" and an average price target of $2.75.

Big Sky Industrial Inc. Common Stock Stock Up 2.8%

The firm has a market capitalization of $76.64 million, a price-to-earnings ratio of -5.21 and a beta of 0.88. The business's 50-day moving average is $1.48 and its two-hundred day moving average is $1.19. The company has a debt-to-equity ratio of 0.12, a quick ratio of 1.21 and a current ratio of 1.21.

Big Sky Industrial Inc. Common Stock (NASDAQ:BSIN - Get Free Report) last released its quarterly earnings data on Tuesday, August 11th. The energy company reported ($0.04) earnings per share for the quarter, topping the consensus estimate of ($0.05) by $0.01. The business had revenue of $2.13 million for the quarter, compared to analyst estimates of $2.04 million. Big Sky Industrial Inc. Common Stock had a negative net margin of 156.23% and a negative return on equity of 34.42%. On average, equities analysts anticipate that Big Sky Industrial Inc. Common Stock will post -0.23 earnings per share for the current year.

Institutional Investors Weigh In On Big Sky Industrial Inc. Common Stock

Several hedge funds have recently bought and sold shares of the company. Steamboat Capital Partners LLC acquired a new position in shares of Big Sky Industrial Inc. Common Stock in the 2nd quarter valued at $2,763,000. State Street Corp bought a new stake in shares of Big Sky Industrial Inc. Common Stock in the 2nd quarter valued at $137,000. Finally, Citadel Advisors LLC bought a new stake in shares of Big Sky Industrial Inc. Common Stock in the 2nd quarter valued at $105,000. 3.00% of the stock is currently owned by institutional investors and hedge funds.

Big Sky Industrial Inc. Common Stock Company Profile

U.S. Energy Corp., an independent energy company, focuses on the acquisition, exploration, and development of oil and natural gas properties in the United States. It holds interests in various oil and gas properties located in the Rockies region, including Montana, Wyoming, and North Dakota; the Mid-Continent region comprising Oklahoma, Kansas, and North and East Texas; West Texas; South Texas; and the Gulf Coast regions. The company was incorporated in 1966 and is headquartered in Houston, Texas.

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