StockNews.com started coverage on shares of Cumulus Media (NASDAQ:CMLS – Free Report) in a research note released on Thursday. The brokerage issued a hold rating on the stock.
Cumulus Media Price Performance
Cumulus Media stock opened at $0.84 on Thursday. Cumulus Media has a 52 week low of $0.63 and a 52 week high of $5.18. The company’s 50 day moving average price is $0.76 and its two-hundred day moving average price is $1.27. The stock has a market cap of $14.27 million, a P/E ratio of -0.09 and a beta of 1.32. The company has a quick ratio of 1.89, a current ratio of 1.89 and a debt-to-equity ratio of 3.68.
Cumulus Media (NASDAQ:CMLS – Get Free Report) last posted its quarterly earnings data on Friday, November 1st. The company reported ($0.61) earnings per share for the quarter, missing the consensus estimate of ($0.54) by ($0.07). Cumulus Media had a negative return on equity of 30.27% and a negative net margin of 18.11%. The business had revenue of $203.60 million during the quarter, compared to analysts’ expectations of $204.05 million. During the same period in the prior year, the firm posted $0.16 EPS. On average, equities analysts predict that Cumulus Media will post -2.71 earnings per share for the current year.
Institutional Trading of Cumulus Media
About Cumulus Media
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.
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