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B. Riley Financial Declares Preferred Stock Dividends
PRNewswire (Tue, 9-Jan 7:30 AM ET)
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, Auction and Liquidation, Valuation and Appraisal and Principal Investments, of which key revenue is derived from the Capital Markets segment.
B. Riley Financial, Inc. - Depositary Shares, each representing a 1/1000th fractional interest in a share of Series A Cumulative Perpetual Preferred Stock trades on the NASDAQ stock market under the symbol RILYP.
As of March 28, 2024, RILYP stock price climbed to $15.30 with 17,901 million shares trading.
RILYP has a market cap of $431.97 million. This is considered a Small Cap stock.
In the last 3 years, RILYP stock traded as high as $30.54 and as low as $12.25.
RILYP has underperformed the market in the last year with a return of +18.6%, while the SPY ETF gained +33.9%. In the last 3 month period, RILYP fell short of the market, returning -15.4%, while SPY returned +10.3%. However, in the most recent 2 weeks RILYP has outperformed the stock market by returning +2.6%, while SPY returned +1.9%.
RILYP support price is $14.31 and resistance is $15.49 (based on 1 day standard deviation move). This means that using the most recent 20 day stock volatility and applying a one standard deviation move around the stock's closing price, stastically there is a 67% probability that RILYP stock will trade within this expected range on the day.