B. Riley Financial (NASDAQ:RILYP) Trading Down 2.2% – Here’s What Happened

B. Riley Financial, Inc. (NASDAQ:RILYP – Get Free Report) dropped 2.2% on Monday . The company traded as low as $13.10 and last traded at $13.15. Approximately 8,690 shares changed hands during mid-day trading, a decline of 57% from the average session volume of 20,068 shares. The stock had previously closed at $13.45.

B. Riley Financial Price Performance

The company’s 50-day simple moving average is $14.26 and its 200-day simple moving average is $12.88.

About B. Riley Financial

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B. Riley Financial is a diversified financial services holding company headquartered in Los Angeles, California. The firm offers a broad suite of services designed to support corporate, institutional and private clients across the full spectrum of capital markets and advisory needs. Its core business activities encompass investment banking, asset management, valuation and appraisal services, turnaround and restructuring advisory, liquidation and auction services, and various financing solutions.

Since its founding in 1997 by Chairman and Chief Executive Officer Bryant Riley, B.

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