B. Riley Financial (NASDAQ:RILY) Stock Passes Below 50-Day Moving Average – Here’s What Happened

B. Riley Financial, Inc. (NASDAQ:RILY)’s share price crossed below its fifty day moving average during trading on Monday . The stock has a fifty day moving average of $5.80 and traded as low as $4.64. B. Riley Financial shares last traded at $4.77, with a volume of 550,418 shares traded.

Analyst Upgrades and Downgrades

Separately, Weiss Ratings reiterated a “sell (d-)” rating on shares of B. Riley Financial in a research note on Wednesday, October 8th. One investment analyst has rated the stock with a Sell rating, According to MarketBeat.com, B. Riley Financial presently has an average rating of “Sell”.

B. Riley Financial Trading Down 4.6%

The firm has a market capitalization of $145.95 million, a P/E ratio of -0.19 and a beta of 1.47. The business’s 50 day simple moving average is $5.80 and its two-hundred day simple moving average is $4.60.

B. Riley Financial (NASDAQ:RILY) last released its quarterly earnings data on Thursday, March 16th. The asset manager reported $2.70 earnings per share for the quarter. The firm had revenue of $345.47 million for the quarter.

Institutional Trading of B. Riley Financial

A number of institutional investors have recently made changes to their positions in RILY. Charles Schwab Investment Management Inc. boosted its holdings in shares of B. Riley Financial by 110.6% during the 1st quarter. Charles Schwab Investment Management Inc. now owns 417,155 shares of the asset manager’s stock valued at $1,614,000 after acquiring an additional 219,114 shares during the last quarter. Federated Hermes Inc. boosted its holdings in shares of B. Riley Financial by 78.0% during the 2nd quarter. Federated Hermes Inc. now owns 179,960 shares of the asset manager’s stock valued at $534,000 after acquiring an additional 78,847 shares during the last quarter. XTX Topco Ltd purchased a new stake in shares of B. Riley Financial during the 1st quarter valued at about $232,000. B. Riley Wealth Advisors Inc. purchased a new stake in shares of B. Riley Financial during the 2nd quarter valued at about $154,000. Finally, Matauro LLC purchased a new stake in shares of B. Riley Financial during the 3rd quarter valued at about $238,000. Hedge funds and other institutional investors own 50.20% of the company’s stock.

B. Riley Financial Company Profile

B. Riley Financial, Inc, through its subsidiaries, provides financial services to corporate, institutional, and high net worth clients in North America, Australia, the Asia Pacific, and Europe. The company operates through six segments: Capital Markets, Wealth Management, Financial Consulting, Auction and Liquidation, Communications, and Consumer.