Prosiebensat.1 Media (OTCMKTS:PBSFY) Sees Large Volume Increase on Strong Earnings

Prosiebensat.1 Media Se (OTCMKTS:PBSFY) shares saw an uptick in trading volume on Friday following a better than expected earnings announcement. 15,700 shares traded hands during mid-day trading, an increase of 456% from the previous session’s volume of 2,822 shares.The stock last traded at $1.10 and had previously closed at $1.12.

The company reported $0.15 EPS for the quarter, topping analysts’ consensus estimates of ($0.37) by $0.52. The firm had revenue of $1.35 billion for the quarter, compared to analysts’ expectations of $1.41 billion. Prosiebensat.1 Media had a negative net margin of 4.83% and a positive return on equity of 16.83%.

Prosiebensat.1 Media Stock Up 3.0%

The company has a quick ratio of 0.39, a current ratio of 0.43 and a debt-to-equity ratio of 0.14. The stock has a market cap of $998.29 million, a P/E ratio of -5.50 and a beta of 0.96. The company’s 50 day moving average price is $1.31 and its two-hundred day moving average price is $1.43.

About Prosiebensat.1 Media

Prosiebensat.1 Media SE (OTCMKTS:PBSFY) is a leading German media and entertainment company headquartered in Unterföhring, a suburb of Munich. The company’s core business centers on free-to-air television broadcasting, operating well-known channels such as ProSieben, Sat.1 and kabel eins. Through these networks, Prosiebensat.1 delivers a broad mix of programming, including news, sports, entertainment formats and popular international series, targeting primarily German-speaking audiences in Germany, Austria and Switzerland.

In addition to its linear broadcast activities, Prosiebensat.1 has developed a diversified portfolio of digital and streaming services.