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B. Riley Financl Down 15.77% To $15.44 After Earnings

Friday, March 01, 2024 09:52 AM | InvestorsObserver Analysts

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B. Riley Financl Down 15.77% To $15.44 After Earnings

B Riley Financial Inc (RILY) missed earnings projections on 2/29/2024 for Q4 2023.

The stock is down 15.77% to $15.44 after the report.

B. Riley Financl's profit margins maintained as both earnings and revenue declined at the same pace.

InvestorsObserver gives the stock a Bullish Sentiment score at the moment based on recent trading.

B. Riley Financl has performed poorly during the past few months, garnering a low Long-Term Technical Rank by InvestorsObserver of 8, putting B. Riley Financl in the bottom 25% of stocks. The firm was recently trading at a 52-week low of $14.46 on February 21, 2024 and set a 52-week high on July 27, 2023 at $60.72.

B. Riley Financial Inc is a diversified financial services company. The company through its subsidiaries offers investment banking and financial services to corporate, institutional and high net worth clients and also asset disposition, valuation and appraisal and capital advisory services to retail, wholesale, institutional, lenders, capital providers, private equity investors, and professional services firms in United States, Canada, and Europe. It also provides internet access and subscription services. The reportable operating segments of the company include Capital Markets, Wealth Management, Auction and Liquidation, Financial Consulting, Principal Investments - United Online and magicJack, and Brand segment, of which key revenue is derived from the Capital Markets segment.

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