Newsmax Inc. (NYSE:NMAX - Get Free Report) hit a new 52-week low during mid-day trading on Monday . The stock traded as low as $11.82 and last traded at $12.04, with a volume of 304842 shares changing hands. The stock had previously closed at $12.42.
Newsmax Trading Up 1.8%
The firm's 50-day moving average is $21.07.
Newsmax (NYSE:NMAX - Get Free Report) last announced its earnings results on Thursday, May 15th. The company reported ($0.53) EPS for the quarter. The business had revenue of $45.30 million during the quarter.
Institutional Inflows and Outflows
A number of institutional investors and hedge funds have recently added to or reduced their stakes in the company. Sassicaia Capital Advisers LLC acquired a new stake in Newsmax during the first quarter worth approximately $309,000. Woodard & Co. Asset Management Group Inc. ADV purchased a new stake in shares of Newsmax in the first quarter valued at $217,000. CWM LLC acquired a new position in Newsmax in the first quarter valued at $47,000. Allworth Financial LP purchased a new position in Newsmax during the first quarter worth about $89,000. Finally, Golden State Wealth Management LLC acquired a new stake in Newsmax in the 1st quarter worth about $39,000.
Newsmax Company Profile
(
Get Free Report)
Newsmax Inc is a holding company that owns 100% of the equity interests of its operating company Newsmax Media, Inc (“Newsmax Media”). Newsmax Media and its subsidiaries operate the businesses described in this Offering Circular. Newsmax Media has six wholly-owned subsidiaries: Newsmax Broadcasting, LLC, a Florida limited liability company (“Newsmax Broadcasting”), Crown Atlantic Insurance, LLC, a Florida limited liability company (“Crown Atlantic”), Humanix Publishing, LLC, a Florida limited liability company (“Humanix Publishing”), Medix Health LLC, a Florida limited liability company (“Medix Health”), ROI Media Strategies, LLC, a Florida limited liability company (“ROI Media Strategies”), and Newsmax Radio LLC, a Florida limited liability company (“Newsmax Radio,” and together with Newsmax Media, Newsmax Broadcasting, Crown Atlantic Insurance, Humanix Publishing, Medix Health, and ROI Media Strategies, the “Subsidiaries”).
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