B. Riley Financial (NASDAQ:RILY) Stock Gets Downgrade from Wall Street Zen

B. Riley Financial (NASDAQ:RILY) was downgraded by investment analysts at Wall Street Zen from a “hold” rating to a “sell” rating in a report released on Saturday, Wall Street Zen reports.

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

B. Riley Financial Price Performance

RILY opened at $3.65 on Friday. The business’s fifty day simple moving average is $5.27 and its 200-day simple moving average is $7.19. The company has a current ratio of 3.95, a quick ratio of 3.95 and a debt-to-equity ratio of 7.13. B. Riley Financial has a 12-month low of $3.50 and a 12-month high of $11.24. The company has a market capitalization of $146.73 million, a price-to-earnings ratio of 0.97 and a beta of 1.20.

B. Riley Financial (NASDAQ:RILY) last released its earnings results on Thursday, November 5th. The asset manager reported ($6.04) EPS for the quarter. B. Riley Financial had a net margin of 35.88% and a return on equity of 39,260.09%. The business had revenue of $161.32 million during the quarter.

Institutional Investors Weigh In On B. Riley Financial

Hedge funds and other institutional investors have recently bought and sold shares of the business. State of Wyoming acquired a new stake in shares of B. Riley Financial during the 1st quarter valued at $359,000. Bank of America Corp DE lifted its holdings in B. Riley Financial by 2,715.4% in the 1st quarter. Bank of America Corp DE now owns 53,830 shares of the asset manager’s stock worth $394,000 after buying an additional 51,918 shares during the period. Finally, Renaissance Technologies LLC bought a new stake in B. Riley Financial during the first quarter valued at about $1,832,000. Institutional investors and hedge funds own 50.20% of the company’s stock.

B. Riley Financial Company Profile

B. Riley Financial, Inc is a diversified financial services company that provides investment banking, institutional brokerage, wealth management, asset appraisal, valuation, liquidation and restructuring services. Through its businesses, the company works with public and private companies, institutional investors, private equity firms, financial institutions and individual clients.

The company’s capital markets operations, including B. Riley Securities, offer investment banking, equity research, sales and trading, and related advisory services.