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

B. Riley Financial, Inc. (NASDAQ:RILY)’s stock price passed 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 changing hands.

Wall Street Analysts Forecast Growth

RILY has been the subject of several recent analyst reports. Weiss Ratings reissued a “sell (d+)” rating on shares of B. Riley Financial in a report on Monday, June 15th. Wall Street Zen lowered shares of B. Riley Financial from a “strong-buy” rating to a “buy” rating in a research report on Saturday, July 4th. One equities research analyst has rated the stock with a Sell rating, According to data from MarketBeat.com, B. Riley Financial currently has a consensus rating of “Sell”.

B. Riley Financial Stock Performance

The company has a 50 day simple moving average of $8.15 and a 200-day simple moving average of $7.94. The company has a debt-to-equity ratio of 10.30, a current ratio of 3.95 and a quick ratio of 3.95. The stock has a market cap of $265.85 million, a P/E ratio of 0.43 and a beta of 1.20.

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

Institutional Trading of B. Riley Financial

Several institutional investors have recently added to or reduced their stakes in the business. Charles Schwab Investment Management Inc. increased its holdings in shares of B. Riley Financial by 25.0% in the fourth quarter. Charles Schwab Investment Management Inc. now owns 1,123,179 shares of the asset manager’s stock worth $5,245,000 after buying an additional 224,858 shares during the period. Vanguard Group Inc. grew its position in B. Riley Financial by 1.2% during the 3rd quarter. Vanguard Group Inc. now owns 851,840 shares of the asset manager’s stock worth $5,090,000 after acquiring an additional 10,189 shares during the last quarter. Soviero Asset Management LP purchased a new position in B. Riley Financial in the 3rd quarter worth approximately $2,211,000. Millennium Management LLC increased its stake in B. Riley Financial by 51.3% in the 3rd quarter. Millennium Management LLC now owns 367,984 shares of the asset manager’s stock worth $2,199,000 after purchasing an additional 124,762 shares during the period. Finally, Federated Hermes Inc. lifted its position in B. Riley Financial by 82.2% in the fourth quarter. Federated Hermes Inc. now owns 329,222 shares of the asset manager’s stock valued at $1,537,000 after purchasing an additional 148,554 shares during 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.