Reservoir Media (NASDAQ:RSVR – Get Free Report) announced its earnings results on Wednesday. The company reported $0.04 earnings per share (EPS) for the quarter, meeting the consensus estimate of $0.04, Zacks reports. The company had revenue of $41.42 million for the quarter, compared to the consensus estimate of $40.31 million. Reservoir Media had a net margin of 5.04% and a return on equity of 2.20%.
Reservoir Media Stock Up 0.1%
Shares of Reservoir Media stock opened at $7.60 on Friday. The company has a market cap of $495.77 million, a P/E ratio of 69.10, a P/E/G ratio of 7.16 and a beta of 0.90. Reservoir Media has a 1 year low of $6.56 and a 1 year high of $9.83. The company has a current ratio of 1.20, a quick ratio of 1.20 and a debt-to-equity ratio of 1.03. The stock has a 50-day moving average price of $7.29 and a 200 day moving average price of $8.00.
Institutional Trading of Reservoir Media
An institutional investor recently raised its position in Reservoir Media stock. Goldman Sachs Group Inc. lifted its stake in Reservoir Media, Inc. (NASDAQ:RSVR – Free Report) by 3.6% during the first quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 90,003 shares of the company’s stock after acquiring an additional 3,110 shares during the quarter. Goldman Sachs Group Inc. owned approximately 0.14% of Reservoir Media worth $687,000 as of its most recent filing with the Securities and Exchange Commission. 44.38% of the stock is currently owned by hedge funds and other institutional investors.
About Reservoir Media
Reservoir Media, Inc operates as a music publishing company. It operates through two segments, Music Publishing and Recorded Music. The Music Publishing segment acquires interests in music catalogs, as well as signs songwriters. The Recorded Music segment engages in the acquisition of sound recording catalogs; discovery and development of recording artists; and marketing, distribution, sale, and licensing of the music catalogs.
Featured Articles
- Five stocks we like better than Reservoir Media
- What Makes a Stock a Good Dividend Stock?
- e.l.f. Beauty Sees Record Surge After Earnings, Rhode Deal
- 10 Best Airline Stocks to Buy
- Apple Stock Could Rally After Tariffs Are Blocked By Court
- How to Buy Cheap Stocks Step by Step
- Archer Aviation Stock Steadies After Short-Seller Report
Receive News & Ratings for Reservoir Media Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Reservoir Media and related companies with MarketBeat.com's FREE daily email newsletter.
