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In a challenging year for B. Riley Financial Inc (NASDAQ:RILY), the company’s stock (RILYL) has recorded a new 52-week low, dipping to $2.06. According to InvestingPro data, despite the current struggles, the company maintains a strong current ratio of 4.17, indicating solid liquidity position. This latest price level reflects a significant downturn for the firm, which has seen its stock value plummet by an alarming 89.29% over the past year. While the company faces profitability challenges with negative earnings per share of -$23.40, it maintains an impressive dividend yield of nearly 80% and has sustained dividend payments for 11 consecutive years. Investors have been closely monitoring RILYL’s performance as the company grapples with market pressures and strategic challenges that have severely impacted its stock price, marking a stark contrast to its previous market position. InvestingPro subscribers can access 8 additional key insights about the company’s financial health and future prospects. The 52-week low serves as a critical indicator of the current investor sentiment and the hurdles that B. Riley Financial Inc faces moving forward, with the stock now trading 90% below its 52-week high of $23.15.
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 ending December 31, 2024, by the required date of March 17, 2025. The delay is attributed to the complexities involved in finalizing the company’s financial statements. B. Riley Financial has been occupied with completing quarterly reports for the second and third quarters of 2024, with the latest report filed on February 21, 2025. The company also had to address the presentation of results for 2022 and 2023, which were affected by discontinued operations. Additional factors causing the delay include finalizing assessments of impairment charges for goodwill and intangible assets, as well as the provision for income taxes. B. Riley Financial is actively working to complete its financial statements for the year ended December 31, 2024, and intends to file the Annual Report as soon as it is feasible.
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