MediaCo (NASDAQ:MDIA) Shares Down 0.2% – Time to Sell?

MediaCo Holding Inc. (NASDAQ:MDIA) traded down 0.2% on Monday . The company traded as low as $0.5810 and last traded at $0.6020. 3,561 shares traded hands during mid-day trading, a decline of 96% from the average session volume of 100,817 shares. The stock had previously closed at $0.6030.

Analyst Upgrades and Downgrades

Separately, Weiss Ratings reaffirmed a “sell (d)” rating on shares of MediaCo in a report on Monday, December 29th. One investment analyst has rated the stock with a Sell rating, According to data from MarketBeat, the stock has an average rating of “Sell”.

MediaCo Stock Performance

The company has a 50-day moving average of $0.63 and a 200-day moving average of $0.98. The stock has a market cap of $49.27 million, a price-to-earnings ratio of -1.11 and a beta of -0.19.

Institutional Investors Weigh In On MediaCo

A hedge fund recently bought a new stake in MediaCo stock. JPMorgan Chase & Co. acquired a new stake in MediaCo Holding Inc. (NASDAQ:MDIA) during the 3rd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund acquired 1,937,881 shares of the company’s stock, valued at approximately $2,461,000. JPMorgan Chase & Co. owned 3.61% of MediaCo as of its most recent filing with the Securities and Exchange Commission. Institutional investors own 64.01% of the company’s stock.

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