ProSiebenSat.1 Media (ETR:PSM) Stock Price Down 1.6% – Should You Sell?

ProSiebenSat.1 Media SE (ETR:PSM) shares dropped 1.6% during trading on Wednesday. The company traded as low as €3.40 and last traded at €3.40. Approximately 88,779 shares were traded during mid-day trading, a decline of 96% from the average daily volume of 2,250,000 shares. The stock had previously closed at €3.45.

ProSiebenSat.1 Media Stock Down 2.5%

The stock has a 50-day simple moving average of €3.67 and a two-hundred day simple moving average of €3.82. The company has a quick ratio of 1.00, a current ratio of 0.85 and a debt-to-equity ratio of 163.56. The firm has a market cap of $744.32 million, a PE ratio of -28.37, a P/E/G ratio of -1.29 and a beta of 1.16.

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.