MediaCo (NASDAQ:MDIA) Trading Down 5% – Should You Sell?

MediaCo Holding Inc. (NASDAQ:MDIA) shares were down 5% on Tuesday . The stock traded as low as $1.12 and last traded at $1.14. Approximately 103,772 shares changed hands during trading, a decline of 92% from the average daily volume of 1,289,269 shares. The stock had previously closed at $1.20.

MediaCo Price Performance

The firm has a market cap of $53.24 million, a PE ratio of -0.63 and a beta of -0.03. The business’s fifty day moving average is $1.66 and its 200-day moving average is $2.39.

MediaCo (NASDAQ:MDIA) last released its earnings results on Wednesday, September 18th. The company reported ($0.75) earnings per share for the quarter. The firm had revenue of $26.20 million for the quarter.

Institutional Trading of MediaCo

A hedge fund recently bought a new stake in MediaCo stock. XTX Topco Ltd acquired a new position in MediaCo Holding Inc. (NASDAQ:MDIA) in the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The firm acquired 14,632 shares of the company’s stock, valued at approximately $53,000. Institutional investors own 64.01% of the company’s stock.

MediaCo Company Profile

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.