Binah Capital Group (NASDAQ:BCG) Stock Price Up 4.3% – Here’s Why

Binah Capital Group, Inc. (NASDAQ:BCG) traded up 4.3% during trading on Monday . The stock traded as high as $1.4875 and last traded at $1.46. 25,691 shares were traded during trading, a decline of 60% from the average daily volume of 64,078 shares. The stock had previously closed at $1.40.

Wall Street Analysts Forecast Growth

Separately, Weiss Ratings raised Binah Capital Group from a “sell (d)” rating to a “sell (d+)” rating in a research report on Tuesday, August 18th. One investment analyst has rated the stock with a Sell rating, According to MarketBeat, the stock presently has an average rating of “Sell”.

Binah Capital Group Price Performance

The stock has a market capitalization of $24.23 million, a P/E ratio of 7.89 and a beta of 0.27. The company’s 50-day simple moving average is $1.48 and its 200-day simple moving average is $1.80.

Institutional Investors Weigh In On Binah Capital Group

An institutional investor recently raised its position in Binah Capital Group stock. State Street Corp increased its holdings in shares of Binah Capital Group, Inc. (NASDAQ:BCG) by 54.0% in the fourth quarter, according to its most recent disclosure with the SEC. The firm owned 25,100 shares of the company’s stock after purchasing an additional 8,800 shares during the period. State Street Corp owned 0.15% of Binah Capital Group worth $72,000 as of its most recent filing with the SEC. 4.97% of the stock is currently owned by institutional investors and hedge funds.

Binah Capital Group Company Profile

Binah Capital Group, Inc, together with its subsidiaries, operates in the wealth management industry. The company provides access to stock, bond, exchange-traded fund, and options execution services; and research, compliance, supervision, and accounting and related services for financial advisors. It also offers mutual funds and insurance products, as well as alternative investments, such as non-traded real estate investment trusts, unit trusts, and fixed and variable annuities. The company was founded in 2016 and is headquartered in Albany, New York.