MediaCo (NASDAQ:MDIA) Shares Down 0.2% – What’s Next?

Shares of MediaCo Holding Inc. (NASDAQ:MDIA) traded down 0.2% during trading on Monday . The stock traded as low as $0.5810 and last traded at $0.6020. 3,561 shares changed hands during mid-day trading, a decline of 96% from the average session volume of 100,817 shares. The stock had previously closed at $0.6030.

Wall Street Analyst Weigh In

Separately, Weiss Ratings reiterated a “sell (d)” rating on shares of MediaCo in a research note on Monday, December 29th. One research analyst has rated the stock with a Sell rating, Based on data from MarketBeat, MediaCo presently has an average rating of “Sell”.

MediaCo Stock Down 0.2%

The stock has a fifty day moving average of $0.63 and a two-hundred day moving average of $0.98. The stock has a market cap of $49.27 million, a price-to-earnings ratio of -1.11 and a beta of -0.19.

Hedge Funds Weigh In On MediaCo

An institutional investor recently bought a new position in MediaCo stock. Citadel Advisors LLC acquired a new stake in MediaCo Holding Inc. (NASDAQ:MDIA) in the 3rd quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm acquired 32,354 shares of the company’s stock, valued at approximately $41,000. Citadel Advisors LLC owned 0.06% of MediaCo as of its most recent SEC filing. 64.01% of the stock is currently owned by institutional investors and hedge funds.

MediaCo Company Profile

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.