B. Riley Financial (NASDAQ:RILY) Stock Price Crosses Below 200 Day Moving Average – Time to Sell?

B. Riley Financial, Inc. (NASDAQ:RILY) crossed below its 200-day moving average during trading on Thursday . The stock has a 200-day moving average of $7.95 and traded as low as $6.65. B. Riley Financial shares last traded at $7.01, with a volume of 637,982 shares traded.

Analysts Set New Price Targets

A number of research analysts have recently commented on the company. Wall Street Zen cut B. Riley Financial from a “strong-buy” rating to a “buy” rating in a research note on Saturday, July 4th. Weiss Ratings reiterated a “sell (d+)” rating on shares of B. Riley Financial in a report on Monday, June 15th. One investment analyst has rated the stock with a Sell rating, Based on data from MarketBeat, the stock presently has an average rating of “Sell”.

B. Riley Financial Price Performance

The stock has a 50 day simple moving average of $8.22 and a 200-day simple moving average of $7.95. The firm has a market cap of $260.28 million, a PE ratio of 0.42 and a beta of 1.20. The company has a current ratio of 3.95, a quick ratio of 3.95 and a debt-to-equity ratio of 10.30.

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

Institutional Inflows and Outflows

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

About B. Riley Financial

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.