Prosiebensat.1 Media (OTCMKTS:PBSFY) Shares Gap Down - Here's Why

Key Points

• Shares gapped down before the open, falling from a prior close of $1.2125 to an opening and last-trade price of $1.14, on a volume of 6,083 shares.
• The company has a market cap of $1.03 billion, a negative PE ratio (-5.70), 50- and 200-day simple moving averages of $1.19 and $1.34 respectively, and liquidity ratios below 1 with a debt-to-equity of 1.20.
• Prosiebensat.1 is a leading German media and entertainment firm operating free-to-air channels like ProSieben, Sat.1 and kabel eins and a diversified portfolio of digital and streaming services in German-speaking markets.

Shares of Prosiebensat.1 Media Se (OTCMKTS:PBSFY - Get Free Report) gapped down before the market opened on Wednesday . The stock had previously closed at $1.2125, but opened at $1.14. Prosiebensat.1 Media shares last traded at $1.14, with a volume of 6,083 shares.

Prosiebensat.1 Media Stock Performance

The firm has a fifty day simple moving average of $1.19 and a 200-day simple moving average of $1.34. The company has a market cap of $1.03 billion, a PE ratio of -5.70 and a beta of 1.02. The company has a quick ratio of 0.68, a current ratio of 0.72 and a debt-to-equity ratio of 1.20.

About Prosiebensat.1 Media

Prosiebensat.1 Media SE OTCMKTS: PBSFY is a leading German media and entertainment company headquartered in Unterföhring, a suburb of Munich. The company's core business centers on free-to-air television broadcasting, operating well-known channels such as ProSieben, Sat.1 and kabel eins. Through these networks, Prosiebensat.1 delivers a broad mix of programming, including news, sports, entertainment formats and popular international series, targeting primarily German-speaking audiences in Germany, Austria and Switzerland.

In addition to its linear broadcast activities, Prosiebensat.1 has developed a diversified portfolio of digital and streaming services.

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