Reservoir Media (NASDAQ:RSVR – Get Free Report) is scheduled to be issuing its quarterly earnings data before the market opens on Tuesday, November 7th. Analysts expect the company to announce earnings of $0.03 per share for the quarter. Parties that are interested in registering for the company’s conference call can do so using this link.
Reservoir Media Trading Up 4.0 %
Shares of RSVR stock opened at $5.95 on Friday. Reservoir Media has a 1-year low of $5.19 and a 1-year high of $7.77. The company has a current ratio of 1.19, a quick ratio of 1.09 and a debt-to-equity ratio of 0.93. The stock has a market cap of $385.02 million, a price-to-earnings ratio of 148.79, a PEG ratio of 6.73 and a beta of 0.99. The stock has a 50-day moving average of $5.76 and a 200-day moving average of $5.92.
Insider Buying and Selling at Reservoir Media
In other Reservoir Media news, Director Ezra S. Field acquired 10,000 shares of the stock in a transaction dated Monday, August 14th. The stock was purchased at an average cost of $5.39 per share, with a total value of $53,900.00. Following the transaction, the director now owns 110,196 shares in the company, valued at approximately $593,956.44. The acquisition was disclosed in a filing with the SEC, which is available at this link. Insiders own 26.27% of the company’s stock.
Institutional Investors Weigh In On Reservoir Media
Analyst Upgrades and Downgrades
Separately, Roth Mkm restated a “buy” rating and set a $13.00 price target on shares of Reservoir Media in a report on Wednesday, September 13th.
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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