Bell Buckle Holdings Inc (OTCMKTS:BLLB) Stock In Focus After Earnings Update

Yesterday, Bell Buckle Holdings Inc (OTCMKTS:BLLB) was in the news after it announced its financial results for the third fiscal quarter.

Trading Data

On Tuesday, BLLB stock ended flat at $0.0013 with more than 95K shares, compared to volume of 1.82 million shares. The stock moved within a range of $0.0013 – 0.0013 after opening trade at $0.0014.  

Bell Buckle Holdings, Inc. Reports Earnings

Considering the fact that it could bring the company’s stock into focus it could be a good move for investors to consider taking a closer look into it. In the third fiscal quarter that ended on September 30, 2022 the company managed to generate earnings of as much as $124,744 against total income of $733,945. On the other hand, the cash balance for Bell Buckle at the end of the quarter stood at $471,775. However, that was not all. The company also made other announcements which may be of interest to investors.

It was announced that the company’s fully owned subsidiary unit Jump Start Sports had reached an agreement not too long ago by way of which it was going to sell the first of its 3 franchise territories. As part of that deal, the company is also going to appoint a new Area Manager for the zone and it would be youth sports veteran Andy Stackhouse who is going to be appointed. It was also noted that Jump Start Sports believed that it would get its Franchise Disclosure Document finalized by the end of 2022.

Technical Data

BLLB stock is trading below the 20-Day and 50-Day Moving averages of $0.0016 and $0.0020 respectively. Moreover, the stock is trading below the 200-Day moving average of $0.0042.