MediaCo (NASDAQ:MDIA) Announces Quarterly Earnings Results

MediaCo (NASDAQ:MDIA) issued its quarterly earnings data on Friday. The company reported ($0.10) earnings per share (EPS) for the quarter, FiscalAI reports. The company had revenue of $33.97 million for the quarter.

MediaCo Trading Up 0.0%

Shares of MDIA stock traded up $0.00 during trading hours on Friday, hitting $0.95. 6,132 shares of the company were exchanged, compared to its average volume of 78,880. MediaCo has a 52 week low of $0.54 and a 52 week high of $1.64. The business has a 50 day moving average of $0.93 and a two-hundred day moving average of $0.81. The company has a market capitalization of $77.99 million and a PE ratio of -1.14.

Analyst Ratings Changes

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

Institutional Trading of MediaCo

An institutional investor recently bought a new stake in MediaCo stock. Citadel Advisors LLC purchased a new stake in MediaCo Holding Inc. (NASDAQ:MDIA) during the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission. The fund purchased 32,354 shares of the company’s stock, valued at approximately $41,000. Citadel Advisors LLC owned about 0.06% of MediaCo at the end of the most recent quarter. Institutional investors own 64.01% of the company’s stock.

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.