MasterBeef Group (NASDAQ:MB) Shares Pass Above 200-Day Moving Average – Here’s What Happened

MasterBeef Group (NASDAQ:MB) shares passed above its 200-day moving average during trading on Friday . The stock has a 200-day moving average of $6.31 and traded as high as $6.85. MasterBeef Group shares last traded at $6.60, with a volume of 5,396 shares.

Analyst Upgrades and Downgrades

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

MasterBeef Group Price Performance

The business has a 50-day moving average of $6.49 and a 200-day moving average of $6.31. The company has a current ratio of 1.55, a quick ratio of 1.38 and a debt-to-equity ratio of 1.54.

MasterBeef Group (NASDAQ:MB) last announced its 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 Investors Weigh In On MasterBeef Group

A hedge fund recently bought a new stake in MasterBeef Group stock. Geode Capital Management LLC purchased a new stake in MasterBeef Group (NASDAQ:MB) during the second quarter, according to the company in its most recent disclosure with the SEC. The firm 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.