LiveXLive Media, Inc. (NASDAQ:LIVX) shares traded down 7.4% during mid-day trading on Thursday . The stock traded as low as $0.93 and last traded at $0.94. 369,254 shares traded hands during trading, a decline of 67% from the average session volume of 1,123,520 shares. The stock had previously closed at $1.01.
The company has a current ratio of 0.78, a quick ratio of 0.74 and a debt-to-equity ratio of 3.87. The firm has a fifty day simple moving average of $1.66 and a two-hundred day simple moving average of $2.74. The firm has a market cap of $73.26 million, a PE ratio of -1.53 and a beta of 1.27.
A number of large investors have recently made changes to their positions in the business. Snow Capital Management LP bought a new stake in shares of LiveXLive Media in the 2nd quarter worth $401,000. Nuveen Asset Management LLC lifted its stake in shares of LiveXLive Media by 116.8% in the 2nd quarter. Nuveen Asset Management LLC now owns 1,887,966 shares of the company’s stock worth $8,911,000 after purchasing an additional 1,017,221 shares during the period. Vanguard Group Inc. lifted its stake in shares of LiveXLive Media by 6.9% in the 2nd quarter. Vanguard Group Inc. now owns 2,574,712 shares of the company’s stock worth $12,153,000 after purchasing an additional 166,805 shares during the period. Shay Capital LLC lifted its stake in shares of LiveXLive Media by 424.3% in the 2nd quarter. Shay Capital LLC now owns 577,375 shares of the company’s stock worth $2,725,000 after purchasing an additional 467,250 shares during the period. Finally, Anchor Capital Advisors LLC lifted its stake in shares of LiveXLive Media by 33.5% in the 2nd quarter. Anchor Capital Advisors LLC now owns 34,755 shares of the company’s stock worth $164,000 after purchasing an additional 8,720 shares during the period. Institutional investors and hedge funds own 38.74% of the company’s stock.
LiveXLive Media, Inc is a digital media company, which engages in the acquisition, distribution, and monetization of live music, Internet radio, podcasting, and music-related streaming and video content. It operates LiveXLive, a live music streaming platform; and Slacker Radio, a streaming music service, as well as produces original music-related content.
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