It’s been a difficult March for a bevy of broadcast media stocks. On Friday, on heavy volume, Beasley Media Group shares suffered a 32.7% slide in value.
As a result, BBGI is at a fresh 10-year low, with a closing price last seen in February 2009.
On volume of 312,100 shares (average volume is 39,500 shares), Beasley shares landed at $1.52 per share, losing 74 cents.
The reasons could be complex.