B. Riley Financial (NASDAQ:RILY) Stock Passes Below Fifty Day Moving Average – Here’s What Happened

B. Riley Financial, Inc. (NASDAQ:RILY)’s share price passed below its 50 day moving average during trading on Friday . The stock has a 50 day moving average of $8.78 and traded as low as $7.04. B. Riley Financial shares last traded at $7.55, with a volume of 3,879,211 shares changing hands.

Wall Street Analyst Weigh In

RILY has been the subject of a number of recent research reports. Wall Street Zen upgraded shares of B. Riley Financial from a “buy” rating to a “strong-buy” rating in a report on Saturday, May 16th. Weiss Ratings reaffirmed a “sell (d+)” rating on shares of B. Riley Financial in a research report on Monday, June 15th. One analyst has rated the stock with a Sell rating, According to MarketBeat, the stock presently has an average rating of “Sell”.

B. Riley Financial Price Performance

The company has a debt-to-equity ratio of 10.30, a current ratio of 3.95 and a quick ratio of 3.95. The stock’s 50 day moving average price is $8.78 and its two-hundred day moving average price is $7.53. The firm has a market capitalization of $280.33 million, a price-to-earnings ratio of 0.45 and a beta of 1.18.

B. Riley Financial (NASDAQ:RILY) last announced its earnings results on Thursday, May 7th. The asset manager reported $6.57 EPS for the quarter. The firm had revenue of $217.19 million for the quarter. B. Riley Financial had a net margin of 46.81% and a negative return on equity of 330.83%.

Institutional Inflows and Outflows

Large investors have recently modified their holdings of the business. Geode Capital Management LLC boosted its position in shares of B. Riley Financial by 1.0% in the fourth quarter. Geode Capital Management LLC now owns 194,105 shares of the asset manager’s stock valued at $907,000 after acquiring an additional 1,886 shares during the period. XTX Topco Ltd raised its stake in B. Riley Financial by 4.2% during the 2nd quarter. XTX Topco Ltd now owns 62,517 shares of the asset manager’s stock valued at $186,000 after purchasing an additional 2,531 shares during the last quarter. Bank of America Corp DE boosted its holdings in B. Riley Financial by 237.2% in the 3rd quarter. Bank of America Corp DE now owns 6,963 shares of the asset manager’s stock valued at $42,000 after purchasing an additional 4,898 shares during the period. Engineers Gate Manager LP boosted its holdings in B. Riley Financial by 70.0% in the 2nd quarter. Engineers Gate Manager LP now owns 17,106 shares of the asset manager’s stock valued at $51,000 after purchasing an additional 7,044 shares during the period. Finally, Russell Investments Group Ltd. boosted its holdings in B. Riley Financial by 144.9% in the 2nd quarter. Russell Investments Group Ltd. now owns 14,504 shares of the asset manager’s stock valued at $43,000 after purchasing an additional 8,582 shares during the period. 50.20% of the stock is currently owned by institutional investors and hedge funds.

B. Riley Financial Company Profile

B. Riley Financial, Inc, headquartered in Los Angeles, California, is a diversified financial services company offering a broad range of advisory and investment solutions to individual, corporate and institutional clients. Since its founding in 1997 by Bryant E. Riley, the firm has expanded its capabilities across two primary segments: financial solutions and operations solutions. Its financial solutions segment provides investment banking services, equity research, merger and acquisition advisory, corporate finance, restructuring advisory and private capital solutions.

In addition to traditional investment banking, B.