B. Riley Financial (NASDAQ:RILY) Stock Price Breaks Below 50-Day Moving Average – Time to Sell?

B. Riley Financial, Inc. (NASDAQ:RILY)’s share price passed below its fifty day moving average during trading on Monday. The stock has a fifty day moving average of $6.16 and traded as low as $4.43. B. Riley Financial shares last traded at $4.44, with a volume of 859,150 shares trading hands.

Wall Street Analysts Forecast Growth

RILY has been the subject of a number of research reports. Weiss Ratings lowered shares of B. Riley Financial from a “sell (d+)” rating to a “sell (d)” rating in a research note on Thursday, October 8th. Wall Street Zen cut shares of B. Riley Financial from a “buy” rating to a “hold” rating in a report on Saturday, August 8th. One equities research analyst has rated the stock with a Sell rating. According to data from MarketBeat, B. Riley Financial presently has an average rating of “Sell”.

B. Riley Financial Trading Down 2.2%

The company has a market capitalization of $174.87 million, a PE ratio of 0.34 and a beta of 1.24. The company has a debt-to-equity ratio of 7.13, a current ratio of 3.95 and a quick ratio of 3.95. The company’s fifty day moving average is $6.10 and its 200-day moving average is $7.40.

B. Riley Financial (NASDAQ:RILY) last posted its earnings results on Thursday, August 6th. The asset manager reported $0.45 earnings per share for the quarter. The company had revenue of $239.36 million during the quarter. B. Riley Financial had a return on equity of 39,260.09% and a net margin of 35.88%.

Institutional Investors Weigh In On B. Riley Financial

A number of hedge funds have recently made changes to their positions in the stock. Bank of America Corp DE lifted its position in shares of B. Riley Financial by 2,715.4% during the first quarter. Bank of America Corp DE now owns 53,830 shares of the asset manager’s stock valued at $394,000 after buying an additional 51,918 shares during the last quarter. Renaissance Technologies LLC bought a new stake in shares of B. Riley Financial in the 1st quarter valued at about $1,832,000. Finally, State of Wyoming bought a new stake in shares of B. Riley Financial in the 1st quarter valued at about $359,000. 50.20% of the stock is currently owned by hedge funds and other institutional investors.

B. Riley Financial Company Profile

B. Riley Financial, Inc is a diversified financial services company that provides investment banking, institutional brokerage, wealth management, asset management and related advisory services. Through its operating businesses, the company serves corporations, institutional investors, high-net-worth individuals, private equity sponsors and other financial market participants.

Its businesses have included B. Riley Securities, which offers investment banking, equity research, sales and trading, and corporate finance services; B.