Atlanta Braves (OTCMKTS:BATRB) Shares Climb 6.2% – Here’s Why

Shares of Atlanta Braves Holdings, Inc. (OTCMKTS:BATRB) were up 6.2% on Wednesday. The stock traded as high as $65.00 and last traded at $65.00. Approximately 200 shares traded hands during mid-day trading, a decline of 68% from the average session volume of 618 shares. The stock had previously closed at $61.19.

Atlanta Braves Stock Performance

The stock has a market cap of $4.08 billion, a price-to-earnings ratio of -64.36 and a beta of 0.21. The company’s 50 day simple moving average is $71.93 and its 200 day simple moving average is $65.03.

Atlanta Braves (OTCMKTS:BATRB) last released its quarterly earnings results on Wednesday, August 5th. The company reported ($0.19) EPS for the quarter.

About Atlanta Braves

Atlanta Braves Holdings, Inc owns and operates the Atlanta Braves, a Major League Baseball franchise based in Atlanta, Georgia. The organization manages the team’s baseball operations, ticketing, sponsorships, broadcasting, merchandising and related fan-experience activities.

The company also owns and operates Truist Park, the Braves’ home stadium in Cobb County, Georgia, along with The Battery Atlanta, a mixed-use development surrounding the ballpark. The Battery Atlanta includes restaurants, retail, office, residential, entertainment and hospitality offerings, providing the organization with business activities beyond professional sports.

The Braves franchise traces its history to 1871 and is one of Major League Baseball’s oldest continuously operating teams.