MediaCo (NASDAQ:MDIA) Trading Up 0.4% – Time to Buy?

MediaCo Holding Inc. (NASDAQ:MDIA)’s stock price was up 0.4% on Wednesday . The company traded as high as $1.28 and last traded at $1.26. Approximately 12,853 shares were traded during trading, a decline of 92% from the average daily volume of 152,092 shares. The stock had previously closed at $1.25.

Analyst Ratings Changes

Separately, Weiss Ratings restated a “hold (c-)” rating on shares of MediaCo in a research note on Wednesday. One equities research analyst has rated the stock with a Hold rating, Based on data from MarketBeat.com, MediaCo currently has an average rating of “Hold”.

MediaCo Price Performance

The firm’s 50-day moving average is $1.32 and its 200-day moving average is $1.20. The company has a market capitalization of $67.37 million, a P/E ratio of 3.69 and a beta of -0.35.

MediaCo (NASDAQ:MDIA) last issued its quarterly earnings results on Monday, August 11th. The company reported ($0.11) earnings per share for the quarter. The business had revenue of $31.25 million for the quarter.

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.