B. Riley Financial (NASDAQ:RILY) Share Price Passes Below Fifty Day Moving Average – Here’s What Happened

B. Riley Financial, Inc. (NASDAQ:RILY) crossed below its 50 day moving average during trading on Wednesday . The stock has a 50 day moving average of $5.50 and traded as low as $4.15. B. Riley Financial shares last traded at $4.39, with a volume of 377,614 shares.

Analyst Ratings Changes

Separately, Weiss Ratings reissued a “sell (d-)” rating on shares of B. Riley Financial in a report on Wednesday, October 8th. One investment analyst has rated the stock with a Sell rating, According to MarketBeat.com, the stock currently has a consensus rating of “Sell”.

B. Riley Financial Trading Up 5.3%

The business has a 50-day moving average of $5.50 and a two-hundred day moving average of $4.81. The firm has a market cap of $134.32 million, a P/E ratio of -0.17 and a beta of 1.48.

B. Riley Financial (NASDAQ:RILY) last announced its quarterly earnings results on Tuesday, November 18th. The asset manager reported ($0.50) EPS for the quarter. The firm had revenue of $186.06 million during the quarter.

Hedge Funds Weigh In On B. Riley Financial

Institutional investors and hedge funds have recently added to or reduced their stakes in the business. Farther Finance Advisors LLC acquired a new position in shares of B. Riley Financial during the third quarter worth $25,000. Addison Advisors LLC raised its position in B. Riley Financial by 37.8% during the 2nd quarter. Addison Advisors LLC now owns 11,545 shares of the asset manager’s stock worth $34,000 after purchasing an additional 3,165 shares during the last quarter. Vident Advisory LLC acquired a new position in B. Riley Financial during the 1st quarter worth about $41,000. Bank of America Corp DE grew its position in shares of B. Riley Financial by 237.2% in 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 last quarter. Finally, Russell Investments Group Ltd. increased its stake in shares of 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 valued at $43,000 after buying an additional 8,582 shares during the period. 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.