Big Sky Industrial Inc. Common Stock (NASDAQ:BSIN) Stock Price Crosses Above 200 Day Moving Average - Here's What Happened

Key Points

• BSIN crossed above its 200-day moving average, reaching $1.49 before closing at $1.46, compared with the 200-day average of $1.17.
• Analyst sentiment remains mixed: two analysts rate the stock a Buy, one a Hold, and one a Sell. The consensus rating is Hold, with an average price target of $2.75.
• The company exceeded quarterly expectations, reporting a loss of $0.04 per share versus the anticipated $0.05 loss and revenue of $2.13 million, though it continues to post substantial negative margins and return on equity.

Big Sky Industrial Inc. Common Stock (NASDAQ:BSIN - Get Free Report) passed above its 200-day moving average during trading on Friday. The stock has a 200-day moving average of $1.17 and traded as high as $1.49. Big Sky Industrial Inc. Common Stock shares last traded at $1.46, with a volume of 297,488 shares changing hands.

Analysts Set New Price Targets

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

Big Sky Industrial Inc. Common Stock Stock Up 0.7%

The stock's 50-day moving average price is $1.45 and its 200-day moving average price is $1.17. The company has a current ratio of 1.21, a quick ratio of 1.21 and a debt-to-equity ratio of 0.12. The stock has a market cap of $76.64 million, a price-to-earnings ratio of -5.21 and a beta of 0.88.

Big Sky Industrial Inc. Common Stock (NASDAQ:BSIN - Get Free Report) last posted 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. Big Sky Industrial Inc. Common Stock had a negative net margin of 156.23% and a negative return on equity of 34.42%. The company had revenue of $2.13 million during the quarter, compared to analysts' expectations of $2.04 million. On average, sell-side analysts expect that Big Sky Industrial Inc. Common Stock will post -0.23 earnings per share for the current year.

Institutional Trading of Big Sky Industrial Inc. Common Stock

Large investors have recently bought and sold shares of the business. Thompson Davis & CO. Inc. bought a new position in shares of Big Sky Industrial Inc. Common Stock in the 1st quarter worth about $71,000. Citadel Advisors LLC bought a new stake in shares of Big Sky Industrial Inc. Common Stock during the 2nd quarter valued at about $105,000. State Street Corp bought a new stake in shares of Big Sky Industrial Inc. Common Stock during the 2nd quarter valued at about $137,000. Finally, Steamboat Capital Partners LLC acquired a new stake in Big Sky Industrial Inc. Common Stock during the second quarter worth approximately $2,763,000. 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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