MediaCo (NASDAQ:MDIA) Shares Up 0.9% - Time to Buy?

Key Points

• MediaCo Holding Inc. shares increased by 0.9% to $1.33, despite trading volume dropping by 32% compared to the average session.
• The company reported a loss of ($0.12) earnings per share and revenue of $28.03 million in its last quarterly earnings release.
• MediaCo operates radio stations in the United States, including WQHT-FM and WBLS-FM in the New York City area, and also engages in digital advertising and event management.

MediaCo Holding Inc. (NASDAQ:MDIA - Get Free Report) shot up 0.9% on Friday . The company traded as high as $1.40 and last traded at $1.33. 120,150 shares changed hands during trading, a decline of 32% from the average session volume of 177,366 shares. The stock had previously closed at $1.32.

MediaCo Stock Performance

The stock has a 50 day simple moving average of $1.17 and a two-hundred day simple moving average of $1.13. The firm has a market cap of $71.40 million, a PE ratio of -4.43 and a beta of -0.36.

MediaCo (NASDAQ:MDIA - Get Free Report) last released its quarterly earnings data on Tuesday, May 20th. The company reported ($0.12) earnings per share for the quarter. The business had revenue of $28.03 million during the quarter.

MediaCo Company Profile

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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