Townsquare Media Inc. (TSQ) Sees Unusually-High Trading Volume
Shares of Townsquare Media Inc. (NYSE:TSQ) saw an uptick in trading volume on Thursday . 251,127 shares changed hands during mid-day trading, an increase of 216% from the previous session’s volume of 79,367 shares.The stock last traded at $8.21 and had previously closed at $8.15.
Several research firms have weighed in on TSQ. Zacks Investment Research upgraded Townsquare Media from a “sell” rating to a “hold” rating in a research note on Wednesday, May 11th. Macquarie cut Townsquare Media from an “outperform” rating to a “neutral” rating and decreased their price objective for the stock from $12.00 to $9.00 in a report on Monday, May 23rd.
The stock has a 50 day moving average of $8.43 and a 200 day moving average of $9.76. The stock has a market cap of $151.38 million and a price-to-earnings ratio of 23.51.
Townsquare Media (NYSE:TSQ) last announced its quarterly earnings results on Tuesday, May 10th. The company reported ($0.08) earnings per share for the quarter, meeting the consensus estimate of ($0.08). Equities analysts predict that Townsquare Media Inc. will post $1.18 earnings per share for the current fiscal year.
Townsquare Media, Inc is a media, entertainment and digital marketing solutions company principally focused on small and mid-sized markets across the United States. The Company operates through two segments: Local Advertising and Live Events. The Company’s Local Advertising segment offers broadcast, digital and mobile advertising within its local markets.
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