B. Riley Financial (NASDAQ:RILY) Shares Pass Below 50-Day Moving Average – Here’s What Happened

B. Riley Financial, Inc. (NASDAQ:RILY) shares passed below its 50 day moving average during trading on Friday . The stock has a 50 day moving average of $8.78 and traded as low as $7.04. B. Riley Financial shares last traded at $7.55, with a volume of 3,879,211 shares changing hands.

Analyst Upgrades and Downgrades

A number of analysts recently commented on the stock. Wall Street Zen upgraded shares of B. Riley Financial from a “buy” rating to a “strong-buy” rating in a research note on Saturday, May 16th. Weiss Ratings reaffirmed a “sell (d+)” rating on shares of B. Riley Financial in a report on Monday, June 15th. One research analyst has rated the stock with a Sell rating, According to MarketBeat.com, the stock has a consensus rating of “Sell”.

B. Riley Financial Trading Up 6.2%

The stock has a market cap of $280.33 million, a PE ratio of 0.45 and a beta of 1.18. The company’s fifty day moving average is $8.78 and its 200-day moving average is $7.53. The company has a debt-to-equity ratio of 10.30, a current ratio of 3.95 and a quick ratio of 3.95.

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. The company had revenue of $217.19 million for the quarter. B. Riley Financial had a net margin of 46.81% and a negative return on equity of 330.83%.

Institutional Inflows and Outflows

Several institutional investors have recently bought and sold shares of RILY. Price T Rowe Associates Inc. MD acquired a new position in shares of B. Riley Financial in the 4th quarter valued at $92,000. Barclays PLC grew its position in B. Riley Financial by 235.5% during the fourth quarter. Barclays PLC now owns 24,609 shares of the asset manager’s stock valued at $115,000 after buying an additional 17,274 shares during the period. Cresset Asset Management LLC acquired a new stake in B. Riley Financial during the third quarter valued at $79,000. B. Riley Wealth Advisors Inc. purchased a new position in B. Riley Financial in the second quarter valued at $154,000. Finally, Engineers Gate Manager LP increased its holdings in B. Riley Financial by 70.0% in the second 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 in the last quarter. 50.20% of the stock is currently owned by hedge funds and other 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.