ProSiebenSat.1 Media (ETR:PSM) Shares Down 2.7% – Here’s Why

ProSiebenSat.1 Media SE (ETR:PSM) shares fell 2.7% on Wednesday . The stock traded as low as €6.36 ($6.84) and last traded at €6.45 ($6.93). 306,418 shares traded hands during trading, a decline of 86% from the average session volume of 2,250,000 shares. The stock had previously closed at €6.63 ($7.12).

ProSiebenSat.1 Media Price Performance

The company has a debt-to-equity ratio of 166.07, a current ratio of 0.95 and a quick ratio of 1.01. The business’s fifty day moving average price is €5.81 and its 200-day moving average price is €5.55. The stock has a market capitalization of $1.47 billion, a price-to-earnings ratio of -56.20, a PEG ratio of -1.29 and a beta of 1.54.

About ProSiebenSat.1 Media

ProSiebenSat.1 Media SE operates as a media company in Germany, Austria, Switzerland, the United States, and internationally. It operates through three segments: Entertainment, Dating & Video, and Commerce & Ventures. The Entertainment segment operates free TV stations and digital platforms, such as SAT.1, ProSieben, Kabel Eins, sixx, SAT.1 Gold, ProSieben MAXX, and Kabel Eins Doku, as well as PULS4, PULS24, ATV I, ATV II, and PLUS 8.