Big Sky Industrial Inc. Common Stock (NASDAQ:BSIN) Shares Cross Below 200-Day Moving Average – Here’s What Happened

Big Sky Industrial Inc. Common Stock (NASDAQ:BSIN) shares crossed below its 200-day moving average during trading on Friday. The stock has a 200-day moving average of $1.18 and traded as low as $1.15. Big Sky Industrial Inc. Common Stock shares last traded at $1.16, with a volume of 237,674 shares trading hands.

Analysts Set New Price Targets

A number of equities research analysts have recently issued reports on BSIN shares. Weiss Ratings reissued a “sell (d-)” rating on shares of Big Sky Industrial Inc. Common Stock in a research note on Friday, September 25th. Wall Street Zen cut shares of Big Sky Industrial Inc. Common Stock from a “hold” rating to a “sell” rating in a research report on Saturday, October 31st. Finally, Johnson Rice raised shares of Big Sky Industrial Inc. Common Stock from an “accumulate” rating to a “buy” rating and set a $2.00 price objective for the company in a research report on Monday, August 17th. Two analysts have rated the stock with a Buy rating, one has issued a Hold rating and one has issued a Sell rating to the company’s stock. Based on data from MarketBeat.com, Big Sky Industrial Inc. Common Stock has an average rating of “Hold” and an average price target of $2.75.

Big Sky Industrial Inc. Common Stock Stock Performance

The company has a quick ratio of 1.21, a current ratio of 0.38 and a debt-to-equity ratio of 0.25. The firm has a 50-day moving average price of $1.47 and a 200 day moving average price of $1.18. The firm has a market capitalization of $61.06 million, a PE ratio of -4.64 and a beta of 0.99.

Big Sky Industrial Inc. Common Stock (NASDAQ:BSIN) last posted its quarterly earnings data on Tuesday, November 10th. The energy company reported ($0.07) earnings per share (EPS) for the quarter, missing the consensus estimate of ($0.06) by ($0.01). Big Sky Industrial Inc. Common Stock had a negative net margin of 153.63% and a negative return on equity of 32.54%. The firm had revenue of $1.96 million during the quarter. Research analysts expect that Big Sky Industrial Inc. Common Stock will post -0.23 earnings per share for the current year.

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

Several institutional investors have recently bought and sold shares of BSIN. Empowered Funds LLC purchased a new stake in Big Sky Industrial Inc. Common Stock during the third quarter worth about $31,000. United Asset Strategies Inc. lifted its position in shares of Big Sky Industrial Inc. Common Stock by 20.4% during the third quarter. United Asset Strategies Inc. now owns 59,015 shares of the energy company’s stock worth $83,000 after purchasing an additional 10,000 shares in the last quarter. Citadel Advisors LLC purchased a new position in shares of Big Sky Industrial Inc. Common Stock in the second quarter valued at approximately $105,000. State Street Corp purchased a new position in shares of Big Sky Industrial Inc. Common Stock in the second quarter valued at approximately $137,000. Finally, Kestra Advisory Services LLC boosted its stake in shares of Big Sky Industrial Inc. Common Stock by 217.7% in the third quarter. Kestra Advisory Services LLC now owns 776,800 shares of the energy company’s stock valued at $1,095,000 after purchasing an additional 532,300 shares during the period. 3.00% of the stock is owned by institutional investors and hedge funds.

About Big Sky Industrial Inc. Common Stock

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.