B. Riley Financial (NASDAQ:RILY) Share Price Passes Above 50 Day Moving Average – Should You Sell?

B. Riley Financial, Inc. (NASDAQ:RILY)’s stock price crossed above its 50-day moving average during trading on Wednesday . The stock has a 50-day moving average of $5.77 and traded as high as $5.88. B. Riley Financial shares last traded at $5.59, with a volume of 419,765 shares.

Analyst Ratings Changes

Separately, Weiss Ratings restated a “sell (d-)” rating on shares of B. Riley Financial in a report on Wednesday, October 8th. One analyst has rated the stock with a Sell rating, According to data from MarketBeat.com, the company has an average rating of “Sell”.

B. Riley Financial Trading Down 1.9%

The stock has a market capitalization of $171.04 million, a price-to-earnings ratio of -0.22 and a beta of 1.48. The firm has a 50-day moving average of $5.77 and a 200 day moving average of $4.70.

B. Riley Financial (NASDAQ:RILY) last posted its quarterly earnings data on Thursday, March 16th. The asset manager reported $2.70 earnings per share (EPS) for the quarter. The firm had revenue of $345.47 million for the quarter.

Institutional Trading of B. Riley Financial

Large investors have recently modified their holdings of the business. Bank of New York Mellon Corp increased its position in shares of B. Riley Financial by 7.5% during the first quarter. Bank of New York Mellon Corp now owns 61,374 shares of the asset manager’s stock worth $238,000 after acquiring an additional 4,267 shares during the last quarter. Federated Hermes Inc. increased its holdings in B. Riley Financial by 87.5% during the 1st quarter. Federated Hermes Inc. now owns 101,113 shares of the asset manager’s stock worth $391,000 after purchasing an additional 47,187 shares during the last quarter. XTX Topco Ltd acquired a new position in shares of B. Riley Financial in the 1st quarter valued at approximately $232,000. Charles Schwab Investment Management Inc. boosted its stake in shares of B. Riley Financial by 110.6% during the 1st quarter. Charles Schwab Investment Management Inc. now owns 417,155 shares of the asset manager’s stock valued at $1,614,000 after buying an additional 219,114 shares during the last quarter. Finally, Invesco Ltd. grew its position in shares of B. Riley Financial by 4.6% during the first quarter. Invesco Ltd. now owns 161,794 shares of the asset manager’s stock worth $626,000 after buying an additional 7,160 shares in the last quarter. 50.20% of the stock is currently owned by institutional investors and hedge funds.

About B. Riley Financial

B. Riley Financial, Inc, through its subsidiaries, provides financial services to corporate, institutional, and high net worth clients in North America, Australia, the Asia Pacific, and Europe. The company operates through six segments: Capital Markets, Wealth Management, Financial Consulting, Auction and Liquidation, Communications, and Consumer.