ProSiebenSat.1 Media (ETR:PSM) Stock Breaks Above Fifty Day Moving Average – Time to Sell?

ProSiebenSat.1 Media SE (ETR:PSM) passed above its fifty day moving average during trading on Friday. The stock has a fifty day moving average of €3.36 and traded as high as €3.42. ProSiebenSat.1 Media shares last traded at €3.36, with a volume of 438,077 shares changing hands.

ProSiebenSat.1 Media Stock Down 3.1%

The business has a 50 day moving average of €3.36 and a 200-day moving average of €3.88. The stock has a market cap of $745.70 million, a PE ratio of -9.02, a P/E/G ratio of -1.29 and a beta of 1.16. The company has a current ratio of 0.85, a quick ratio of 1.00 and a debt-to-equity ratio of 163.56.

About ProSiebenSat.1 Media

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.