A Reversal for B. Riley Financial, Inc. (RILY) Is Not Near. The Stock Reaches 52-Week High Today

B. Riley Financial, Inc. (NASDAQ:RILY) Logo

The stock of B. Riley Financial, Inc. (NASDAQ:RILY) hit a new 52-week high and has $25.54 target or 9.00 % above today’s $23.43 share price. The 8 months bullish chart indicates low risk for the $631.80M company. The 1-year high was reported on Sep, 13 by Barchart.com. If the $25.54 price target is reached, the company will be worth $56.86 million more.
The 52-week high event is an important milestone for every stock because it shows very positive momentum and is time when buyers come in. During such notable technical setup, fundamental investors usually stay away and are careful shorting or selling the stock.

The stock increased 0.47% or $0.11 during the last trading session, reaching $23.43. About 69,421 shares traded or 59.64% up from the average. B. Riley Financial, Inc. (NASDAQ:RILY) has declined 10.79% since September 13, 2018 and is downtrending. It has underperformed by 10.79% the S&P500.

More notable recent B. Riley Financial, Inc. (NASDAQ:RILY) news were published by: Globenewswire.com which released: “B. Riley FBR to Host 20th Annual Institutional Investor Conference May 22-23, 2019 – GlobeNewswire” on January 31, 2019, also Finance.Yahoo.com with their article: “Could The B. Riley Financial, Inc. (NASDAQ:RILY) Ownership Structure Tell Us Something Useful? – Yahoo Finance” published on April 26, 2019, Finance.Yahoo.com published: “Be Sure To Check Out B. Riley Financial, Inc. (NASDAQ:RILY) Before It Goes Ex-Dividend – Yahoo Finance” on August 09, 2019. More interesting news about B. Riley Financial, Inc. (NASDAQ:RILY) were released by: Streetinsider.com and their article: “B. Riley Financial (RILY) Appoints Dan Shribman as CIO – StreetInsider.com” published on September 12, 2019 as well as Globenewswire.com‘s news article titled: “Great American Group Promotes Jennie Kim to Managing Director – GlobeNewswire” with publication date: February 12, 2019.

B. Riley Financial, Inc. provides financial services and solutions primarily in the United States and Europe. The company has market cap of $631.80 million. The firm operates in four divisions: Capital Markets, Auction and Liquidation, Valuation and Appraisal, and Principal Investments. It has a 25.75 P/E ratio. It offers merger and acquisitions, restructuring advisory, initial and secondary public offerings, institutional private placements, corporate finance, and research services, as well as equity securities trading services to corporate, institutional, and high net worth individual clients.

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