Townsquare Media Inc. (TSQ) Sees Strong Trading Volume
Townsquare Media Inc. (NYSE:TSQ) shares saw unusually-high trading volume on Thursday . Approximately 251,127 shares were traded during 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.
TSQ has been the subject of a number of recent analyst reports. Zacks Investment Research downgraded Townsquare Media from a “hold” rating to a “sell” rating in a report on Thursday, May 5th. Macquarie cut shares of Townsquare Media from an “outperform” rating to a “neutral” rating and cut their price objective for the stock from $12.00 to $9.00 in a research report on Monday, May 23rd.
The company has a market cap of $165.73 million and a P/E ratio of 25.74. The stock has a 50-day moving average price of $8.44 and a 200-day moving average price of $9.75.
Townsquare Media (NYSE:TSQ) last posted its quarterly earnings data on Tuesday, May 10th. The company reported ($0.08) earnings per share (EPS) for the quarter, hitting analysts’ consensus estimates of ($0.08). Equities analysts forecast 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.