MediaCo (NASDAQ:MDIA) Stock Price Down 5% – Here’s What Happened

MediaCo Holding Inc. (NASDAQ:MDIA) shares traded down 5% on Tuesday . The stock traded as low as $1.12 and last traded at $1.14. 103,772 shares traded hands during trading, a decline of 92% from the average session volume of 1,289,269 shares. The stock had previously closed at $1.20.

MediaCo Price Performance

The business’s fifty day moving average price is $1.52 and its 200-day moving average price is $2.37. The stock has a market capitalization of $52.77 million, a PE ratio of -0.62 and a beta of -0.03.

MediaCo (NASDAQ:MDIA) last released its quarterly earnings results on Wednesday, September 18th. The company reported ($0.75) earnings per share for the quarter. The business had revenue of $26.20 million during the quarter.

Institutional Investors Weigh In On MediaCo

A hedge fund recently bought a new stake in MediaCo stock. XTX Topco Ltd purchased a new position in shares of MediaCo Holding Inc. (NASDAQ:MDIA) during the 2nd quarter, according to its most recent 13F filing with the SEC. The firm purchased 14,632 shares of the company’s stock, valued at approximately $53,000. 64.01% of the stock is currently owned by institutional investors.

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.