Audacy (NYSEARCA:AUD) Stock Price Crosses Above 200 Day Moving Average of $0.00

Audacy, Inc. (NYSEARCA:AUD)’s share price crossed above its 200-day moving average during trading on Tuesday . The stock has a 200-day moving average of $0.00 and traded as high as $0.11. Audacy shares last traded at $0.09, with a volume of 4,429,500 shares changing hands.

Audacy Stock Performance

The stock has a market cap of $13.62 million, a PE ratio of -0.08 and a beta of 1.54. The company has a current ratio of 2.03, a quick ratio of 2.03 and a debt-to-equity ratio of 3.87. The company has a fifty day moving average of $0.09.

Institutional Trading of Audacy

A number of hedge funds and other institutional investors have recently modified their holdings of AUD. Swiss National Bank increased its position in Audacy by 3.8% during the 1st quarter. Swiss National Bank now owns 282,300 shares of the company’s stock valued at $816,000 after buying an additional 10,400 shares in the last quarter. XTX Topco Ltd increased its holdings in shares of Audacy by 147.6% during the first quarter. XTX Topco Ltd now owns 25,205 shares of the company’s stock valued at $73,000 after acquiring an additional 15,027 shares in the last quarter. Bank of New York Mellon Corp raised its position in shares of Audacy by 3.7% in the 1st quarter. Bank of New York Mellon Corp now owns 458,023 shares of the company’s stock worth $1,323,000 after purchasing an additional 16,324 shares during the last quarter. Walleye Capital LLC purchased a new position in shares of Audacy in the 1st quarter worth about $75,000. Finally, Zurcher Kantonalbank Zurich Cantonalbank bought a new position in Audacy in the 2nd quarter worth about $26,000. 45.92% of the stock is owned by hedge funds and other institutional investors.

About Audacy

Audacy, Inc is a scaled, multi-platform audio content, and entertainment company. The firm involves as a radio broadcasting group by offering premium audio. It engages in providing consumers with news, sports, podcasts, and music. Its broadcast brands include WFAN, KROQ, and 1010WINS. The company was founded by Joseph M.