Cumulus Media (NASDAQ:CMLS) Research Coverage Started at StockNews.com

StockNews.com initiated coverage on shares of Cumulus Media (NASDAQ:CMLS) in a report released on Thursday morning. The brokerage issued a hold rating on the stock.

Cumulus Media Stock Performance

Shares of CMLS stock opened at $0.46 on Thursday. The firm has a market cap of $7.94 million, a price-to-earnings ratio of -0.05 and a beta of 1.37. The company has a debt-to-equity ratio of 3.68, a quick ratio of 1.89 and a current ratio of 1.89. Cumulus Media has a 52 week low of $0.41 and a 52 week high of $3.78. The firm’s 50-day simple moving average is $0.79 and its two-hundred day simple moving average is $0.98.

Institutional Trading of Cumulus Media

Several hedge funds have recently added to or reduced their stakes in the stock. Y Intercept Hong Kong Ltd bought a new stake in shares of Cumulus Media in the third quarter valued at approximately $25,000. Garden State Investment Advisory Services LLC bought a new stake in shares of Cumulus Media in the third quarter valued at approximately $191,000. Finally, Zazove Associates LLC raised its position in shares of Cumulus Media by 4.8% in the fourth quarter. Zazove Associates LLC now owns 1,528,428 shares of the company’s stock valued at $1,024,000 after purchasing an additional 70,000 shares during the period. Institutional investors own 48.68% of the company’s stock.

Cumulus Media Company Profile

Cumulus Media Inc, an audio-first media company, owns and operates radio stations in the United States. It owns and operates stations in various markets, as well as affiliated stations through Westwood One. The company's content portfolio includes sports, news, talk, and entertainment programming from various brands, including the NFL, the NCAA, the Masters, CNN, AP News, the Academy of Country Music Awards, and other partners.