Big Sky Industrial Inc. Common Stock (NASDAQ:BSIN) Stock Crosses Above 200 Day Moving Average – Here’s What Happened

Big Sky Industrial Inc. Common Stock (NASDAQ:BSIN) passed above its 200-day moving average during trading on Monday. The stock has a 200-day moving average of $1.19 and traded as high as $1.48. Big Sky Industrial Inc. Common Stock shares last traded at $1.46, with a volume of 333,815 shares trading hands.

Analysts Set New Price Targets

Several equities research analysts recently issued reports on the company. Johnson Rice upgraded Big Sky Industrial Inc. Common Stock from an “accumulate” rating to a “buy” rating and set a $2.00 price target for the company in a research note on Monday, August 17th. Wall Street Zen raised Big Sky Industrial Inc. Common Stock from a “sell” rating to a “hold” rating in a report on Saturday, October 10th. Zacks Research upgraded Big Sky Industrial Inc. Common Stock from a “strong sell” rating to a “hold” rating in a research report on Monday, July 13th. Finally, Weiss Ratings reissued a “sell (d-)” rating on shares of Big Sky Industrial Inc. Common Stock in a report on Friday, September 25th. Two investment analysts have rated the stock with a Buy rating, one has given a Hold rating and one has issued a Sell rating to the stock. Based on data from MarketBeat, the company presently has an average rating of “Hold” and a consensus target price of $2.75.

Big Sky Industrial Inc. Common Stock Stock Performance

The stock has a fifty day simple moving average of $1.48 and a two-hundred day simple moving average of $1.19. The stock has a market cap of $78.74 million, a price-to-earnings ratio of -5.36 and a beta of 0.88. The company has a debt-to-equity ratio of 0.12, a quick ratio of 1.21 and a current ratio of 1.21.

Big Sky Industrial Inc. Common Stock (NASDAQ:BSIN) last announced its quarterly earnings data on Tuesday, August 11th. The energy company reported ($0.04) earnings per share for the quarter, topping the consensus estimate of ($0.05) by $0.01. The business had revenue of $2.13 million during the quarter, compared to the consensus estimate of $2.04 million. Big Sky Industrial Inc. Common Stock had a negative return on equity of 34.42% and a negative net margin of 156.23%. Analysts expect that Big Sky Industrial Inc. Common Stock will post -0.23 EPS for the current fiscal year.

Hedge Funds Weigh In On Big Sky Industrial Inc. Common Stock

A number of institutional investors have recently added to or reduced their stakes in BSIN. Steamboat Capital Partners LLC bought a new stake in shares of Big Sky Industrial Inc. Common Stock during the second quarter worth $2,763,000. State Street Corp acquired a new position in shares of Big Sky Industrial Inc. Common Stock during the second quarter worth $137,000. Finally, Citadel Advisors LLC acquired a new position in shares of Big Sky Industrial Inc. Common Stock during the second quarter worth $105,000. 3.00% of the stock is currently owned by institutional investors and hedge funds.

Big Sky Industrial Inc. Common Stock Company Profile

U.S. Energy Corp., an independent energy company, focuses on the acquisition, exploration, and development of oil and natural gas properties in the United States. It holds interests in various oil and gas properties located in the Rockies region, including Montana, Wyoming, and North Dakota; the Mid-Continent region comprising Oklahoma, Kansas, and North and East Texas; West Texas; South Texas; and the Gulf Coast regions. The company was incorporated in 1966 and is headquartered in Houston, Texas.