MediaCo (NASDAQ:MDIA) Shares Up 1% – Still a Buy?

MediaCo Holding Inc. (NASDAQ:MDIA)’s share price shot up 1% during mid-day trading on Tuesday . The stock traded as high as $1.0450 and last traded at $1.02. Approximately 9,267 shares were traded during mid-day trading, a decline of 89% from the average session volume of 86,665 shares. The stock had previously closed at $1.01.

Wall Street Analyst Weigh In

Separately, Weiss Ratings raised shares of MediaCo from a “sell (e+)” rating to a “sell (d-)” rating in a research report on Wednesday, May 27th. One research analyst has rated the stock with a Sell rating, According to MarketBeat.com, the company currently has an average rating of “Sell”.

MediaCo Trading Down 1.0%

The firm has a market capitalization of $83.36 million, a PE ratio of -1.21 and a beta of 0.05. The business’s 50 day simple moving average is $0.89 and its two-hundred day simple moving average is $0.77.

MediaCo (NASDAQ:MDIA) last issued its quarterly earnings data on Friday, May 15th. The company reported ($0.11) EPS for the quarter. The company had revenue of $31.39 million during the quarter.

Institutional Inflows and Outflows

An institutional investor recently bought a new stake in MediaCo stock. Citadel Advisors LLC acquired a new stake in shares of MediaCo Holding Inc. (NASDAQ:MDIA) in the third quarter, according to the company in its most recent Form 13F filing with the SEC. The fund acquired 32,354 shares of the company’s stock, valued at approximately $41,000. Citadel Advisors LLC owned 0.06% of MediaCo at the end of the most recent reporting period. Hedge funds and other institutional investors own 64.01% of the company’s stock.

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. MediaCo Holding Inc was incorporated in 2019 and is headquartered in New York, New York.