Shares of MediaCo Holding Inc. (NASDAQ:MDIA - Get Free Report) dropped 5% during trading on Tuesday . The stock traded as low as $1.12 and last traded at $1.14. Approximately 103,772 shares were traded during mid-day trading, a decline of 92% from the average daily volume of 1,289,269 shares. The stock had previously closed at $1.20.
MediaCo Price Performance
The business's 50-day moving average is $1.61 and its 200 day moving average is $2.39. The firm has a market capitalization of $54.82 million, a P/E ratio of -0.63 and a beta of -0.03.
MediaCo (NASDAQ:MDIA - Get Free Report) last announced its earnings results on Wednesday, September 18th. The company reported ($0.75) EPS for the quarter. The firm had revenue of $26.20 million for the quarter.
Institutional Trading of MediaCo
An institutional investor recently bought a new position in MediaCo stock. Exchange Traded Concepts LLC acquired a new position in shares of MediaCo Holding Inc. (NASDAQ:MDIA - Free Report) in the 3rd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor acquired 178,114 shares of the company's stock, valued at approximately $228,000. Exchange Traded Concepts LLC owned 0.38% of MediaCo as of its most recent SEC filing. 64.01% of the stock is currently owned by hedge funds and other institutional investors.
About MediaCo
(
Get Free Report)
MediaCo Holding Inc owns and operates radio stations in the United States. The company engages in the operation of WQHT-FM and WBLS-FM radio stations in the New York City area. It also offers digital advertising, and events, which includes sponsorships, ticket sales, licensing, and syndication services.
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