Emmis Communications (EMMS) traded up $0.11 during trading hours on Friday, hitting $3.54. 17,900 shares of the company traded hands, compared to its average volume of 14,867. The company has a debt-to-equity ratio of 1.89, a current ratio of 1.11 and a quick ratio of 1.11. The firm has a market cap of $43.60, a price-to-earnings ratio of 0.55 and a beta of 0.75. Emmis Communications has a 1-year low of $2.14 and a 1-year high of $3.87.
In other Emmis Communications news, COO Patrick M. Walsh sold 40,000 shares of the business’s stock in a transaction on Monday, October 16th. The shares were sold at an average price of $3.45, for a total value of $138,000.00. The sale was disclosed in a document filed with the SEC, which is available at this link. Also, Director Richard A. Leventhal sold 8,951 shares of the business’s stock in a transaction on Wednesday, November 1st. The stock was sold at an average price of $3.43, for a total transaction of $30,701.93. Following the completion of the transaction, the director now owns 88,413 shares in the company, valued at approximately $303,256.59. The disclosure for this sale can be found here. Insiders sold a total of 49,951 shares of company stock worth $172,172 in the last quarter. 27.10% of the stock is currently owned by company insiders.
About Emmis Communications
Emmis Communications Corporation is a media company, which focuses on radio broadcasting. The Company operates through three business segments: Radio, Publishing, and Corporate & Emerging Technologies. As of February 29, 2016, the Company owned 19 frequency modulation (FM) and four amplitude modulation (AM) radio stations in New York, Los Angeles, St.
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