MediaCo (NASDAQ:MDIA) Stock Price Up 4.4% – Time to Buy?

MediaCo Holding Inc. (NASDAQ:MDIAGet Free Report) shares rose 4.4% during mid-day trading on Wednesday . The stock traded as high as $0.98 and last traded at $0.95. Approximately 148,944 shares were traded during mid-day trading, an increase of 158% from the average daily volume of 57,741 shares. The stock had previously closed at $0.9101.

Wall Street Analysts Forecast Growth

Separately, Weiss Ratings lowered MediaCo from a “sell (d-)” rating to a “sell (e+)” rating in a research note on Wednesday, May 13th. One equities research analyst has rated the stock with a Sell rating, According to data from MarketBeat.com, MediaCo currently has a consensus rating of “Sell”.

View Our Latest Stock Report on MediaCo

MediaCo Price Performance

The firm has a market cap of $77.65 million, a price-to-earnings ratio of -1.13 and a beta of 0.12. The firm has a fifty day simple moving average of $0.80 and a two-hundred day simple moving average of $0.75.

MediaCo (NASDAQ:MDIAGet Free Report) last issued its quarterly earnings results on Friday, May 15th. The company reported ($0.11) earnings per share for the quarter. The business had revenue of $31.39 million during the quarter.

Institutional Investors Weigh In On MediaCo

An institutional investor recently bought a new position in MediaCo stock. Citadel Advisors LLC bought a new position in shares of MediaCo Holding Inc. (NASDAQ:MDIAFree Report) in the third quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund bought 32,354 shares of the company’s stock, valued at approximately $41,000. Citadel Advisors LLC owned 0.06% of MediaCo as of its most recent SEC filing. Institutional investors and hedge funds own 64.01% of the company’s stock.

MediaCo Company Profile

(Get Free Report)

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. MediaCo Holding Inc was incorporated in 2019 and is headquartered in New York, New York.

Further Reading

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