MediaCo (NASDAQ:MDIA) Stock Price Down 2.5%

MediaCo Holding Inc. (NASDAQ:MDIAGet Rating)’s share price was down 2.5% on Tuesday . The company traded as low as $1.95 and last traded at $1.95. Approximately 2,819 shares changed hands during trading, a decline of 88% from the average daily volume of 23,490 shares. The stock had previously closed at $2.00.

MediaCo Stock Performance

The stock’s fifty day moving average price is $2.57 and its two-hundred day moving average price is $3.79.

MediaCo (NASDAQ:MDIAGet Rating) last posted its earnings results on Thursday, May 12th. The company reported ($0.68) earnings per share for the quarter. The firm had revenue of $11.54 million for the quarter.

Institutional Trading of MediaCo

A hedge fund recently raised its stake in MediaCo stock. UBS Group AG boosted its stake in MediaCo Holding Inc. (NASDAQ:MDIAGet Rating) by 1,707.5% in the 1st quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 16,846 shares of the company’s stock after buying an additional 15,914 shares during the period. UBS Group AG owned 0.20% of MediaCo worth $70,000 at the end of the most recent reporting period.

About MediaCo

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MediaCo Holding Inc owns and operates radio stations in the United States. It operates in two segments, Radio and Outdoor Advertising. The Radio segment engages in the operation of WQHT-FM and WBLS-FM radio stations in the New York City area. The Outdoor Advertising segment operates advertising displays, such as bulletins, posters, and digital billboards primarily in Georgia, Alabama, South Carolina, Florida, Kentucky, West Virginia, and Ohio.

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