MediaCo (NASDAQ:MDIA) Posts Quarterly Earnings Results

Key Points

• MediaCo reported a quarterly earnings loss of ($0.11) earnings per share, indicating a challenging financial period for the company.
• The company's stock traded at $1.35 with a market capitalization of $72.47 million and a P/E ratio of -4.50.
• MediaCo operates radio stations in the United States, including WQHT-FM and WBLS-FM, and also engages in digital advertising and event sponsorships.

MediaCo (NASDAQ:MDIA - Get Free Report) issued its earnings results on Monday. The company reported ($0.11) earnings per share for the quarter, Zacks reports.

MediaCo Stock Performance

MediaCo stock traded up $0.01 during trading hours on Monday, hitting $1.35. 49,306 shares of the stock were exchanged, compared to its average volume of 169,761. The stock has a market capitalization of $72.47 million, a P/E ratio of -4.50 and a beta of -0.33. The business's 50-day moving average is $1.22 and its two-hundred day moving average is $1.14. MediaCo has a 12 month low of $0.79 and a 12 month high of $5.73.

About MediaCo

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.

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.