Reservoir Media (NASDAQ:RSVRW – Get Free Report) will likely be issuing its results before the market opens on Tuesday, August 4th. Analysts expect the company to announce earnings of ($0.01) per share and revenue of $41.4630 million for the quarter.
Reservoir Media Stock Down 16.8%
Shares of RSVRW opened at $0.01 on Monday. Reservoir Media has a 12-month low of $0.01 and a 12-month high of $1.25. The stock’s fifty day simple moving average is $0.11 and its 200-day simple moving average is $0.15.
Reservoir Media Company Profile
Reservoir Media, Inc (NASDAQ:RSVRW) is an independent music rights company that acquires, manages and monetizes music publishing and recorded music catalogs. Through its two core divisions—Publishing and Recorded Music—the company offers comprehensive rights administration, royalty collection, licensing and creative services to songwriters, artists and rights holders. Reservoir’s catalog spans a broad range of genres and eras, enabling it to generate revenue from performance, mechanical and synchronization royalties across multiple media platforms.
In its Publishing division, Reservoir oversees global rights administration for compositions, handling licensing negotiations for film, television, advertising and digital streaming.
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