MasterBeef Group (NASDAQ:MB) Share Price Passes Above Two Hundred Day Moving Average – Here’s What Happened

MasterBeef Group (NASDAQ:MB)’s stock price crossed above its 200-day moving average during trading on Monday . The stock has a 200-day moving average of $5.69 and traded as high as $6.91. MasterBeef Group shares last traded at $6.80, with a volume of 566,054 shares trading hands.

Wall Street Analyst Weigh In

Separately, Weiss Ratings restated a “sell (d)” rating on shares of MasterBeef Group in a report on Wednesday, July 29th. One research analyst has rated the stock with a Sell rating, Based on data from MarketBeat, the stock has an average rating of “Sell”.

MasterBeef Group Price Performance

The company has a debt-to-equity ratio of 1.54, a quick ratio of 1.38 and a current ratio of 1.55. The firm has a 50 day moving average price of $5.09 and a two-hundred day moving average price of $5.69.

MasterBeef Group (NASDAQ:MB) last released its quarterly earnings results on Friday, May 15th. The technology company reported ($0.08) EPS for the quarter. The company had revenue of $14.80 million during the quarter.

Institutional Trading of MasterBeef Group

An institutional investor recently bought a new position in MasterBeef Group stock. Geode Capital Management LLC purchased a new stake in MasterBeef Group (NASDAQ:MB) during the 2nd quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor purchased 10,878 shares of the technology company’s stock, valued at approximately $92,000. Geode Capital Management LLC owned approximately 0.06% of MasterBeef Group at the end of the most recent reporting period.

About MasterBeef Group

MINDBODY, Inc operates a cloud-based business management software and payments platform for the small and medium-sized businesses in the wellness services industry. Its platform enables businesses to run, market, and build scheduling and online booking, performance tracking, staff management, client relationship management, integrated payment processing, retail point-of-sale, purchase tracking, inventory, hardware integration, analytics and reporting, branded Web, mobility, social integration, client acquisition dashboard, security and compliance, and integration with other cloud-based partners for yoga, Pilates, indoor cycling, group and personal training, boutique fitness, salons, spas, and integrative health businesses.