Demand Media Hits New 12-Month Low at $4.03 (DMD)
Demand Media (NYSE:DMD) reached a new 52-week low during trading on Thursday , Analyst Ratings Network.com reports. The company traded as low as $4.03 and last traded at $4.07, with a volume of 221,846 shares traded. The stock had previously closed at $4.16.
Separately, analysts at Zacks upgraded shares of Demand Media from an “underperform” rating to a “neutral” rating in a research note on Thursday, March 20th. They now have a $4.90 price target on the stock. Seven analysts have rated the stock with a hold rating and one has issued a buy rating to the company’s stock. The company currently has a consensus rating of “Hold” and an average price target of $7.70.
The stock’s 50-day moving average is $4.56 and its 200-day moving average is $5.15. The company’s market cap is $367.6 million.
Demand Media (NYSE:DMD) last announced its earnings results on Tuesday, February 25th. The company reported $0.03 EPS for the quarter, meeting the Thomson Reuters consensus estimate of $0.03. The company had revenue of $96.70 million for the quarter, compared to the consensus estimate of $94.53 million. Analysts expect that Demand Media will post $-0.02 EPS for the current fiscal year.
Demand Media, Inc (NYSE:DMD), is a diversified Internet media and domain services company.
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