Bright Mountain Media (OTCMKTS:BMTM) Share Price Passes Above 50-Day Moving Average – Here’s Why

Bright Mountain Media, Inc. (OTCMKTS:BMTM)’s share price crossed above its 50-day moving average during trading on Wednesday . The stock has a 50-day moving average of $0.01 and traded as high as $0.0103. Bright Mountain Media shares last traded at $0.0093, with a volume of 397,325 shares.

Bright Mountain Media Price Performance

The firm has a market capitalization of $1.70 million, a PE ratio of -0.12 and a beta of 124.39. The company has a 50-day moving average price of $0.01 and a 200-day moving average price of $0.03.

Bright Mountain Media (OTCMKTS:BMTM) last announced its earnings results on Friday, November 7th. The company reported ($0.02) earnings per share for the quarter. The company had revenue of $13.94 million for the quarter.

Bright Mountain Media Company Profile

Bright Mountain Media, Inc provides an end-to-end digital media and advertising services platform that connects brands with targeted consumer demographics in the United States and Israel. It focuses on digital publishing comprising websites, including Mom.com, Cafemom.com, LittleThings.com, and MamasLatinas.com; and advertising technology, consumer insights, creative, and media services. The company serves advertisers, advertising agencies and advertising service organizations. The company was formerly known as Bright Mountain Acquisition Corporation and changed its name to Bright Mountain Media, Inc in December 2015.