Big Sky Industrial Inc. Common Stock (NASDAQ:BSIN) Stock Price Crosses Below Two Hundred Day Moving Average - Here's Why

Key Points

• BSIN fell below its 200-day moving average of $1.18, trading as low as $1.15 and last at $1.16; its 50-day average was $1.47.
• The company reported a quarterly loss of $0.07 per share, missing the $0.06 loss analysts expected, on revenue of $1.96 million.
• Analyst views are mixed, but the consensus rating is Hold, with an average price target of $2.75.

Big Sky Industrial Inc. Common Stock (NASDAQ:BSIN - Get Free Report)'s share price crossed below its 200-day moving average during trading on Friday. The stock has a 200-day moving average of $1.18 and traded as low as $1.15. Big Sky Industrial Inc. Common Stock shares last traded at $1.16, with a volume of 237,674 shares changing hands.

Analyst Ratings Changes

Several brokerages have recently weighed in on BSIN. Wall Street Zen downgraded Big Sky Industrial Inc. Common Stock from a "hold" rating to a "sell" rating in a research note on Saturday, October 31st. Johnson Rice upgraded Big Sky Industrial Inc. Common Stock from an "accumulate" rating to a "buy" rating and set a $2.00 target price on the stock in a research report on Monday, August 17th. Finally, Weiss Ratings reissued a "sell (d-)" rating on shares of Big Sky Industrial Inc. Common Stock in a research note on Friday, September 25th. Two analysts have rated the stock with a Buy rating, one has assigned a Hold rating and one has assigned a Sell rating to the company. Based on data from MarketBeat.com, Big Sky Industrial Inc. Common Stock has a consensus rating of "Hold" and an average price target of $2.75.

Big Sky Industrial Inc. Common Stock Stock Down 2.5%

The company has a quick ratio of 1.21, a current ratio of 0.38 and a debt-to-equity ratio of 0.25. The firm has a market capitalization of $61.06 million, a PE ratio of -4.64 and a beta of 0.99. The business has a 50-day moving average price of $1.47 and a 200-day moving average price of $1.18.

Big Sky Industrial Inc. Common Stock (NASDAQ:BSIN - Get Free Report) last issued its earnings results on Tuesday, November 10th. The energy company reported ($0.07) EPS for the quarter, missing analysts' consensus estimates of ($0.06) by ($0.01). Big Sky Industrial Inc. Common Stock had a negative return on equity of 32.54% and a negative net margin of 153.63%. The firm had revenue of $1.96 million for the quarter. Equities research analysts forecast that Big Sky Industrial Inc. Common Stock will post -0.23 earnings per share for the current fiscal year.

Institutional Trading of Big Sky Industrial Inc. Common Stock

A number of hedge funds and other institutional investors have recently made changes to their positions in BSIN. Empowered Funds LLC purchased a new position in shares of Big Sky Industrial Inc. Common Stock during the 3rd quarter worth $31,000. State Street Corp increased its position in shares of Big Sky Industrial Inc. Common Stock by 9.6% during the 3rd quarter. State Street Corp now owns 136,471 shares of the energy company's stock worth $192,000 after purchasing an additional 11,900 shares during the last quarter. Kestra Advisory Services LLC raised its holdings in Big Sky Industrial Inc. Common Stock by 217.7% in the 3rd quarter. Kestra Advisory Services LLC now owns 776,800 shares of the energy company's stock valued at $1,095,000 after buying an additional 532,300 shares during the period. United Asset Strategies Inc. raised its holdings in Big Sky Industrial Inc. Common Stock by 20.4% in the 3rd quarter. United Asset Strategies Inc. now owns 59,015 shares of the energy company's stock valued at $83,000 after buying an additional 10,000 shares during the period. Finally, Steamboat Capital Partners LLC purchased a new stake in Big Sky Industrial Inc. Common Stock in the 2nd quarter valued at about $2,763,000. Institutional investors and hedge funds own 3.00% of the company's stock.

About Big Sky Industrial Inc. Common Stock

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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