Beasley Broadcast Group Inc. (NASDAQ:BBGI) traded today at a new 52-week high of $17.70. This new high was reached on above average trading volume as 36.7 million shares traded hands, while the average 30-day volume is approximately 25,000 shares.
Beasley Broadcast Group Inc is a radio broadcasting company, engaged in operating radio stations throughout the United States. It operates radio stations including FM and AM radio stations located in large and mid-sized markets in the United States. The company owns and operates radio stations in the following radio markets: Atlanta, GA, Augusta, GA, Boston, MA, Charlotte, NC, Detroit, MI, Fayetteville, NC, Fort Myers-Naples, FL, Las Vegas, NV, Middlesex, NJ, Monmouth, NJ, Morristown, NJ, Philadelphia, PA, Tampa-Saint Petersburg, FL, West Palm Beach-Boca Raton, FL, and Wilmington, DE. It is also a multi-platform, marketing solutions provider that offers on-air, online, and mobile and social media applications. The main source of revenue is the sale of advertising.
Potential upside of 1.7% exists for Beasley Broadcast Group Inc., based on a current level of $1.73 and analysts’ average consensus price target of $1.76.
In the past 52 weeks, Beasley Broadcast Group Inc. share prices are bracketed by a current low of $1.15 and a high of $3.39 and is now at $1.73.
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