Cumulus Media (NASDAQ:CMLS) Now Covered by Analysts at StockNews.com

StockNews.com assumed coverage on shares of Cumulus Media (NASDAQ:CMLS) in a research report released on Wednesday morning. The firm issued a hold rating on the stock.

Cumulus Media Price Performance

NASDAQ CMLS opened at $0.52 on Wednesday. The stock’s 50-day moving average price is $0.82 and its two-hundred day moving average price is $1.04. The company has a current ratio of 1.89, a quick ratio of 1.89 and a debt-to-equity ratio of 3.68. The company has a market cap of $8.87 million, a PE ratio of -0.06 and a beta of 1.37. Cumulus Media has a 1 year low of $0.50 and a 1 year high of $3.95.

Institutional Trading of Cumulus Media

Several institutional investors and hedge funds have recently bought and sold shares of CMLS. Y Intercept Hong Kong Ltd acquired a new position in shares of Cumulus Media in the 3rd quarter valued at about $25,000. Garden State Investment Advisory Services LLC acquired a new position in shares of Cumulus Media in the 3rd quarter valued at about $191,000. Finally, Zazove Associates LLC increased its holdings in shares of Cumulus Media by 4.8% in the 4th quarter. Zazove Associates LLC now owns 1,528,428 shares of the company’s stock valued at $1,024,000 after purchasing an additional 70,000 shares during the period. Institutional investors and hedge funds own 48.68% of the company’s stock.

About Cumulus Media

Cumulus Media Inc, an audio-first media company, owns and operates radio stations in the United States. It owns and operates stations in various markets, as well as affiliated stations through Westwood One. The company's content portfolio includes sports, news, talk, and entertainment programming from various brands, including the NFL, the NCAA, the Masters, CNN, AP News, the Academy of Country Music Awards, and other partners.