MediaCo (NASDAQ:MDIA) Shares Down 0.8% - Time to Sell?

Key Points

• MediaCo Holding Inc. shares saw a decline of 0.8%, trading at $1.31, down from a close of $1.32, with a significant drop in trading volume by 85% from the average.
• The company has a market capitalization of $70.32 million and reported a quarterly loss of ($0.11) earnings per share with revenue of $31.25 million.
• MediaCo operates radio stations in the U.S., including WQHT-FM and WBLS-FM in New York City, and also offers digital advertising and event-related services.

MediaCo Holding Inc. (NASDAQ:MDIA - Get Free Report)'s share price dropped 0.8% during mid-day trading on Monday . The stock traded as low as $1.29 and last traded at $1.31. Approximately 25,181 shares traded hands during trading, a decline of 85% from the average daily volume of 162,501 shares. The stock had previously closed at $1.32.

MediaCo Stock Performance

The company has a market capitalization of $70.32 million, a P/E ratio of 3.85 and a beta of -0.33. The firm's fifty day moving average is $1.25 and its 200-day moving average is $1.16.

MediaCo (NASDAQ:MDIA - Get Free Report) last announced its quarterly earnings results on Monday, August 11th. The company reported ($0.11) earnings per share (EPS) for the quarter. The company had revenue of $31.25 million for the quarter.

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.

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