MasterBeef Group (NASDAQ:MB) Stock Price Passes Below 200-Day Moving Average – Here’s Why

Shares of MasterBeef Group (NASDAQ:MB) passed below its 200-day moving average during trading on Wednesday . The stock has a 200-day moving average of $6.05 and traded as low as $3.79. MasterBeef Group shares last traded at $4.11, with a volume of 11,399 shares traded.

Wall Street Analysts Forecast Growth

Separately, Weiss Ratings raised shares of MasterBeef Group from a “sell (d-)” rating to a “sell (d)” rating in a research note on Friday, May 1st. One investment analyst has rated the stock with a Sell rating, Based on data from MarketBeat.com, the stock has a consensus rating of “Sell”.

MasterBeef Group Price Performance

The business has a 50 day moving average of $5.86 and a 200 day moving average of $6.03. The company has a debt-to-equity ratio of 1.54, a quick ratio of 1.38 and a current ratio of 1.55.

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

Institutional Investors Weigh In On MasterBeef Group

An institutional investor recently raised its stake in MasterBeef Group stock. Citadel Advisors LLC boosted its holdings in shares of MasterBeef Group (NASDAQ:MB) by 27.0% during the third quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 14,612 shares of the technology company’s stock after purchasing an additional 3,104 shares during the quarter. Citadel Advisors LLC owned about 0.09% of MasterBeef Group worth $125,000 as of its most recent SEC filing.

MasterBeef Group Company Profile

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.