B. Riley Financial (NASDAQ:RILY) Stock Price Crosses Below 50 Day Moving Average – Should You Sell?

B. Riley Financial, Inc. (NASDAQ:RILY) shares crossed below its 50 day moving average during trading on Tuesday . The stock has a 50 day moving average of $7.00 and traded as low as $6.57. B. Riley Financial shares last traded at $6.97, with a volume of 594,552 shares traded.

Analyst Ratings Changes

A number of research firms have issued reports on RILY. Weiss Ratings reiterated a “sell (e+)” rating on shares of B. Riley Financial in a research note on Monday, December 29th. Wall Street Zen raised shares of B. Riley Financial from a “hold” rating to a “buy” rating in a report on Saturday, January 31st. One analyst has rated the stock with a Sell rating, According to MarketBeat.com, the stock presently has a consensus rating of “Sell”.

B. Riley Financial Trading Up 4.2%

The stock has a 50-day simple moving average of $7.00 and a 200-day simple moving average of $5.96. The company has a market cap of $217.60 million, a price-to-earnings ratio of 0.99 and a beta of 1.28.

B. Riley Financial (NASDAQ:RILY) last issued its quarterly earnings results on Wednesday, January 14th. The asset manager reported $2.91 EPS for the quarter. The business had revenue of $75.70 million for the quarter.

Institutional Trading of B. Riley Financial

A number of institutional investors have recently made changes to their positions in RILY. Geode Capital Management LLC boosted its holdings in shares of B. Riley Financial by 1.0% in the fourth quarter. Geode Capital Management LLC now owns 194,105 shares of the asset manager’s stock valued at $907,000 after acquiring an additional 1,886 shares in the last quarter. XTX Topco Ltd lifted its position in B. Riley Financial by 4.2% in the second quarter. XTX Topco Ltd now owns 62,517 shares of the asset manager’s stock worth $186,000 after purchasing an additional 2,531 shares during the period. Addison Advisors LLC lifted its position in B. Riley Financial by 37.8% in the second quarter. Addison Advisors LLC now owns 11,545 shares of the asset manager’s stock worth $34,000 after purchasing an additional 3,165 shares during the period. Farther Finance Advisors LLC acquired a new position in shares of B. Riley Financial during the 3rd quarter valued at $25,000. Finally, Bank of America Corp DE increased its position in shares of B. Riley Financial by 237.2% during the 3rd quarter. Bank of America Corp DE now owns 6,963 shares of the asset manager’s stock valued at $42,000 after purchasing an additional 4,898 shares during the period. 50.20% of the stock is owned by institutional investors and hedge funds.

About B. Riley Financial

B. Riley Financial, Inc, headquartered in Los Angeles, California, is a diversified financial services company offering a broad range of advisory and investment solutions to individual, corporate and institutional clients. Since its founding in 1997 by Bryant E. Riley, the firm has expanded its capabilities across two primary segments: financial solutions and operations solutions. Its financial solutions segment provides investment banking services, equity research, merger and acquisition advisory, corporate finance, restructuring advisory and private capital solutions.

In addition to traditional investment banking, B.