MediaCo (NASDAQ:MDIA) Shares Up 1% – Here’s What Happened

MediaCo Holding Inc. (NASDAQ:MDIA) shares were up 1% during trading on Tuesday . The company traded as high as $1.0450 and last traded at $1.02. 9,267 shares were traded during mid-day trading, a decline of 89% from the average session volume of 86,665 shares. The stock had previously closed at $1.01.

Wall Street Analyst Weigh In

Separately, Weiss Ratings upgraded MediaCo from a “sell (e+)” rating to a “sell (d-)” rating in a research note on Wednesday, May 27th. One equities research analyst has rated the stock with a Sell rating, Based on data from MarketBeat, the stock has a consensus rating of “Sell”.

MediaCo Trading Up 1.0%

The firm has a fifty day moving average of $0.89 and a 200 day moving average of $0.77. The company has a market capitalization of $83.36 million, a P/E ratio of -1.21 and a beta of 0.05.

MediaCo (NASDAQ:MDIA) last posted its earnings results on Friday, May 15th. The company reported ($0.11) earnings per share (EPS) for the quarter. The business had revenue of $31.39 million for the quarter.

Institutional Inflows and Outflows

A hedge fund recently bought a new position in MediaCo stock. Citadel Advisors LLC bought a new position in MediaCo Holding Inc. (NASDAQ:MDIA) in the third quarter, according to the company in its most recent disclosure with the SEC. The fund bought 32,354 shares of the company’s stock, valued at approximately $41,000. Citadel Advisors LLC owned 0.06% of MediaCo at the end of the most recent quarter. 64.01% of the stock is owned by hedge funds and other institutional investors.

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