MediaCo (NASDAQ:MDIA) Stock Price Down 4.9% - Here's What Happened

Key Points

• MediaCo Holdings Inc. (NASDAQ:MDIA) saw a stock price decrease of 4.9%, closing at $1.35 after trading as low as $1.12 during the day.
• The company's market capitalization stands at $72.47 million and it has a price-to-earnings ratio of 3.97.
• In its latest quarterly earnings, MediaCo reported a loss of ($0.11) EPS with revenues of $31.25 million.

Shares of MediaCo Holding Inc. (NASDAQ:MDIA - Get Free Report) traded down 4.9% during trading on Tuesday . The company traded as low as $1.12 and last traded at $1.35. 2,089,683 shares changed hands during trading, an increase of 1,184% from the average session volume of 162,692 shares. The stock had previously closed at $1.42.

MediaCo Stock Down 4.9%

The stock has a 50 day moving average price of $1.32 and a 200 day moving average price of $1.18. The stock has a market capitalization of $72.47 million, a price-to-earnings ratio of 3.97 and a beta of -0.19.

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