Reservoir Media, Inc. (NASDAQ:RSVR - Get Free Report) shares saw unusually-high trading volume on Tuesday . Approximately 39,755 shares traded hands during mid-day trading, an increase of 23% from the previous session's volume of 32,397 shares.The stock last traded at $7.76 and had previously closed at $7.51.
Reservoir Media Price Performance
The stock has a fifty day moving average of $7.92 and a 200-day moving average of $8.31. The company has a quick ratio of 1.20, a current ratio of 1.20 and a debt-to-equity ratio of 1.03. The stock has a market capitalization of $485.33 million, a price-to-earnings ratio of 67.64, a P/E/G ratio of 7.16 and a beta of 0.93.
Reservoir Media (NASDAQ:RSVR - Get Free Report) last announced its quarterly earnings results on Wednesday, February 5th. The company reported $0.08 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $0.02 by $0.06. Reservoir Media had a return on equity of 2.20% and a net margin of 5.04%. On average, equities research analysts predict that Reservoir Media, Inc. will post 0.11 EPS for the current fiscal year.
Institutional Investors Weigh In On Reservoir Media
Large investors have recently modified their holdings of the company. BNP Paribas Financial Markets acquired a new stake in shares of Reservoir Media in the fourth quarter valued at approximately $51,000. 272 Capital LP acquired a new stake in shares of Reservoir Media in the third quarter valued at approximately $122,000. Wells Fargo & Company MN boosted its holdings in shares of Reservoir Media by 22.4% in the fourth quarter. Wells Fargo & Company MN now owns 13,851 shares of the company's stock valued at $125,000 after acquiring an additional 2,531 shares during the period. Meridian Wealth Advisors LLC boosted its holdings in shares of Reservoir Media by 49.7% in the fourth quarter. Meridian Wealth Advisors LLC now owns 14,974 shares of the company's stock valued at $136,000 after acquiring an additional 4,974 shares during the period. Finally, Bank of America Corp DE boosted its holdings in shares of Reservoir Media by 21.3% in the fourth quarter. Bank of America Corp DE now owns 30,062 shares of the company's stock valued at $272,000 after acquiring an additional 5,273 shares during the period. 44.38% of the stock is owned by institutional investors and hedge funds.
About Reservoir Media
(
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Reservoir Media, Inc operates as a music publishing company. It operates through two segments, Music Publishing and Recorded Music. The Music Publishing segment acquires interests in music catalogs, as well as signs songwriters. The Recorded Music segment engages in the acquisition of sound recording catalogs; discovery and development of recording artists; and marketing, distribution, sale, and licensing of the music catalogs.
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