MasterBeef Group (NASDAQ:MB) Stock Price Crosses Below Two Hundred Day Moving Average – What’s Next?

MasterBeef Group (NASDAQ:MB)’s share price crossed below its 200-day moving average during trading on Tuesday . The stock has a 200-day moving average of $6.15 and traded as low as $4.31. MasterBeef Group shares last traded at $4.42, with a volume of 1,328 shares traded.

Analysts Set New Price Targets

Separately, Weiss Ratings upgraded shares of MasterBeef Group from a “sell (d-)” rating to a “sell (d)” rating in a research report on Friday, May 1st. One investment analyst has rated the stock with a Sell rating, Based on data from MarketBeat, the stock has an average rating of “Sell”.

MasterBeef Group Price Performance

The company has a quick ratio of 1.38, a current ratio of 1.55 and a debt-to-equity ratio of 1.54. The firm’s 50-day moving average is $6.25 and its two-hundred day moving average is $6.12.

MasterBeef Group (NASDAQ:MB) last released its earnings results on Friday, May 15th. The technology company reported ($0.08) earnings per share (EPS) for the quarter. The business had revenue of $14.80 million for the quarter.

Institutional Investors Weigh In On MasterBeef Group

An institutional investor recently bought a new stake in MasterBeef Group stock. Geode Capital Management LLC bought a new stake in MasterBeef Group (NASDAQ:MB) during the second quarter, according to the company in its most recent Form 13F filing with the SEC. The firm bought 10,878 shares of the technology company’s stock, valued at approximately $92,000. Geode Capital Management LLC owned about 0.06% of MasterBeef Group as of its most recent filing with the SEC.

MasterBeef Group Company Profile

MINDBODY, Inc operates a cloud-based business management software and payments platform for the small and medium-sized businesses in the wellness services industry. Its platform enables businesses to run, market, and build scheduling and online booking, performance tracking, staff management, client relationship management, integrated payment processing, retail point-of-sale, purchase tracking, inventory, hardware integration, analytics and reporting, branded Web, mobility, social integration, client acquisition dashboard, security and compliance, and integration with other cloud-based partners for yoga, Pilates, indoor cycling, group and personal training, boutique fitness, salons, spas, and integrative health businesses.