MediaCo (NASDAQ:MDIA) Trading Down 5% – What’s Next?

MediaCo Holding Inc. (NASDAQ:MDIA)’s stock price was down 5% during mid-day trading on Tuesday . The stock traded as low as $1.12 and last traded at $1.14. Approximately 103,772 shares were traded during trading, a decline of 92% from the average daily volume of 1,289,269 shares. The stock had previously closed at $1.20.

MediaCo Price Performance

The firm has a market cap of $53.24 million, a P/E ratio of -0.63 and a beta of -0.03. The company has a fifty day moving average of $1.66 and a 200-day moving average of $2.39.

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

Institutional Investors Weigh In On MediaCo

An institutional investor recently bought a new position in MediaCo stock. Exchange Traded Concepts LLC bought a new stake in MediaCo Holding Inc. (NASDAQ:MDIA) in the 3rd quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor bought 178,114 shares of the company’s stock, valued at approximately $228,000. Exchange Traded Concepts LLC owned approximately 0.38% of MediaCo as of its most recent SEC filing. Institutional investors own 64.01% of the company’s stock.

About MediaCo

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.