Bright Mountain Media (OTCMKTS:BMTM) Shares Cross Below 200-Day Moving Average – What’s Next?

Bright Mountain Media, Inc. (OTCMKTS:BMTMGet Free Report) crossed below its 200-day moving average during trading on Thursday . The stock has a 200-day moving average of $0.01 and traded as low as $0.0089. Bright Mountain Media shares last traded at $0.0089, with a volume of 2,107 shares trading hands.

Bright Mountain Media Stock Performance

The business has a 50 day moving average of $0.01 and a 200-day moving average of $0.01. The company has a market capitalization of $1.68 million, a P/E ratio of -0.13 and a beta of 114.49.

Bright Mountain Media (OTCMKTS:BMTMGet Free Report) last issued its earnings results on Tuesday, May 12th. The company reported ($0.01) EPS for the quarter. The business had revenue of $13.96 million during the quarter.

About Bright Mountain Media

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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.

Further Reading

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