B. Riley Financial (NASDAQ:RILY) Stock Price Passes Above 50 Day Moving Average – What’s Next?

B. Riley Financial, Inc. (NASDAQ:RILY)’s stock price passed above its fifty day moving average during trading on Wednesday . The stock has a fifty day moving average of $7.35 and traded as high as $9.12. B. Riley Financial shares last traded at $8.95, with a volume of 915,938 shares trading hands.

Analyst Ratings Changes

Separately, Wall Street Zen raised B. Riley Financial from a “hold” rating to a “buy” rating in a report on Saturday, April 4th. One analyst has rated the stock with a Sell rating, Based on data from MarketBeat.com, the stock currently has a consensus rating of “Sell”.

B. Riley Financial Stock Performance

The company has a market cap of $314.59 million, a price-to-earnings ratio of 0.91 and a beta of 1.17. The company has a 50-day simple moving average of $7.35 and a 200-day simple moving average of $6.43.

B. Riley Financial (NASDAQ:RILY) last posted its quarterly earnings results on Wednesday, April 1st. The asset manager reported $2.77 earnings per share for the quarter. The firm had revenue of $224.67 million for the quarter. B. Riley Financial had a negative return on equity of 70.08% and a net margin of 31.77%.

Institutional Trading of B. Riley Financial

Institutional investors have recently added to or reduced their stakes in the stock. XTX Topco Ltd purchased a new position in B. Riley Financial in the fourth quarter valued at about $221,000. CastleKnight Management LP acquired a new stake in shares of B. Riley Financial during the 4th quarter valued at approximately $568,000. Boothbay Fund Management LLC purchased a new stake in shares of B. Riley Financial during the 4th quarter worth approximately $60,000. Bridgeway Capital Management LLC purchased a new stake in shares of B. Riley Financial during the 4th quarter worth approximately $187,000. Finally, 683 Capital Management LLC acquired a new stake in shares of B. Riley Financial in the 4th quarter worth approximately $374,000. Hedge funds and other institutional investors own 50.20% of the company’s stock.

B. Riley Financial Company Profile

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.