Reservoir Media, Inc. (NASDAQ:RSVR – Get Free Report) shares hit a new 52-week high during mid-day trading on Wednesday . The stock traded as high as $7.76 and last traded at $7.76, with a volume of 5809 shares traded. The stock had previously closed at $7.60.
Reservoir Media Stock Performance
The stock has a market cap of $514.02 million, a PE ratio of 113.14 and a beta of 1.05. The company has a debt-to-equity ratio of 0.97, a current ratio of 1.26 and a quick ratio of 1.14. The business has a 50 day moving average price of $7.13 and a two-hundred day moving average price of $6.53.
Insider Activity
In related news, major shareholder Hassan Khosrowshahi acquired 30,000 shares of the company’s stock in a transaction dated Thursday, February 29th. The stock was purchased at an average price of $7.27 per share, with a total value of $218,100.00. Following the completion of the purchase, the insider now owns 130,000 shares in the company, valued at approximately $945,100. The acquisition was disclosed in a filing with the SEC, which can be accessed through this link. Over the last 90 days, insiders purchased 125,000 shares of company stock valued at $892,329. 26.27% of the stock is currently owned by company insiders.
Institutional Trading of Reservoir Media
Reservoir Media Company Profile
Reservoir Media, Inc operates as a music publishing company. It operates through two segments, Music Publishing and Recorded Music. The Music Publishing segment acquires interests in music catalogs, as well as signs songwriters. The Recorded Music segment engages in the acquisition of sound recording catalogs; discovery and development of recording artists; and marketing, distribution, sale, and licensing of the music catalogs.
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