Baosheng Media Group (NASDAQ:BAOS) Trading Down 3.8% – Here’s Why

Baosheng Media Group Holdings Limited (NASDAQ:BAOS)’s stock price traded down 3.8% during trading on Thursday . The company traded as low as $2.68 and last traded at $2.77. 63,014 shares were traded during mid-day trading, a decline of 70% from the average daily volume of 209,604 shares. The stock had previously closed at $2.88.

Wall Street Analyst Weigh In

Separately, Weiss Ratings reaffirmed a “sell (d-)” rating on shares of Baosheng Media Group in a research report on Monday, April 20th. One analyst has rated the stock with a Sell rating, According to MarketBeat, the company presently has a consensus rating of “Sell”.

Baosheng Media Group Stock Performance

The stock has a 50 day moving average price of $2.78 and a two-hundred day moving average price of $2.81.

Baosheng Media Group (NASDAQ:BAOS) last posted its quarterly earnings results on Friday, May 1st. The company reported ($2.56) earnings per share (EPS) for the quarter. The business had revenue of $0.14 million for the quarter.

Baosheng Media Group Company Profile

Baosheng Media Group is a China-based animation and digital entertainment company focused on the creation, production and distribution of original animated content and digital comics. The company develops proprietary intellectual property (IP) and oversees the full production cycle, from storyboarding and character design to animation, post-production and voice-over recording.

Baosheng Media partners with leading digital streaming platforms such as Tencent Video, iQiyi and Bilibili to deliver its animation series and serialized comics to audiences across mainland China.