Shares of MediaCo Holding Inc. (NASDAQ:MDIA – Get Free Report) traded down 1.7% during mid-day trading on Thursday . The stock traded as low as $1.13 and last traded at $1.14. 6,342 shares were traded during mid-day trading, a decline of 96% from the average session volume of 159,292 shares. The stock had previously closed at $1.16.
MediaCo Price Performance
The firm has a 50-day moving average of $1.13 and a 200 day moving average of $1.53. The company has a market capitalization of $55.54 million, a PE ratio of -0.66 and a beta of -0.07.
Institutional Investors Weigh In On MediaCo
An institutional investor recently bought a new position in MediaCo stock. Jane Street Group LLC purchased a new stake in MediaCo Holding Inc. (NASDAQ:MDIA – Free Report) during the third quarter, according to its most recent filing with the SEC. The fund purchased 52,279 shares of the company’s stock, valued at approximately $67,000. Jane Street Group LLC owned about 0.11% of MediaCo as of its most recent filing with the SEC. 64.01% of the stock is owned by institutional investors.
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.
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