Stock market today: S&P 500 rides Apple-led tech rally to close higher
In a turbulent market environment, B. Riley Financial Inc (NASDAQ:RILY)'s stock (RILYL) has recorded a 52-week low, touching down to $2.71. According to InvestingPro data, despite the price decline, the company maintains a healthy current ratio of 4.17, indicating strong liquidity. This significant downturn reflects a broader trend for the company, which has seen its stock price plummet by an alarming 84.7% over the past year. While investors closely monitor RILYL through this challenging period, InvestingPro reveals some positive signals: management has been actively buying back shares, and the company maintains an impressive 61.26% dividend yield with an 11-year track record of consistent payments. The 52-week low serves as a stark indicator of the hurdles B. Riley Financial Inc faces as it strives to regain its footing and investor confidence in the months ahead.
In other recent news, B. Riley Financial Inc. has missed the deadline for filing its annual report for the third consecutive year. The company was unable to submit its Annual Report on Form 10-K for the year ended December 31, 2024, by the required filing date of March 17, 2025. This delay is attributed to complexities in finalizing the company's financial statements. B. Riley Financial cited the completion of quarterly reports for the second and third quarters of 2024 as part of the reasons for the delay. The company also needed to finalize the presentation of results for 2022 and 2023, which were affected by discontinued operations. Additionally, the assessment of impairment charges for goodwill and intangible assets, as well as the provision for income taxes, contributed to the delay. B. Riley Financial is actively working to complete its financial statements for the year ended December 31, 2024. The company aims to file the Annual Report as soon as it is practical.
This article was generated with the support of AI and reviewed by an editor. For more information see our T&C.