ProSiebenSat.1 Media (ETR:PSM) Shares Down 2.7% – Here’s What Happened

ProSiebenSat.1 Media SE (ETR:PSM)’s share price traded down 2.7% on Wednesday . The stock traded as low as €4.41 and last traded at €4.46. 428,947 shares were traded during trading, a decline of 81% from the average session volume of 2,250,000 shares. The stock had previously closed at €4.59.

ProSiebenSat.1 Media Stock Up 1.0%

The firm’s fifty day moving average is €4.83 and its two-hundred day moving average is €5.47. The firm has a market cap of $1.03 billion, a price-to-earnings ratio of -39.45, a P/E/G ratio of -1.29 and a beta of 1.19. The company has a debt-to-equity ratio of 181.36, a current ratio of 0.43 and a quick ratio of 1.01.

ProSiebenSat.1 Media Company Profile

ProSiebenSat.1 Media SE operates as a media company in Germany, Austria, Switzerland, the United States, and internationally. It operates through three segments: Entertainment, Dating & Video, and Commerce & Ventures. The Entertainment segment operates free TV stations and digital platforms, such as SAT.1, ProSieben, Kabel Eins, sixx, SAT.1 Gold, ProSieben MAXX, and Kabel Eins Doku, as well as PULS4, PULS24, ATV I, ATV II, and PLUS 8. This segment is involved in operating commercial websites; production and distribution programming portfolio, including entertainment, reality, and factual formats, as well as TV series, TV films, and digital content; and operates Studio71 which creates and sells digital offerings for influencers.