Somewhat Positive News Coverage Somewhat Unlikely to Impact Emmis Communications (EMMS) Share Price
Headlines about Emmis Communications (NASDAQ:EMMS) have been trending somewhat positive on Saturday, Accern reports. Accern identifies positive and negative media coverage by analyzing more than twenty million blog and news sources. Accern ranks coverage of public companies on a scale of -1 to 1, with scores closest to one being the most favorable. Emmis Communications earned a coverage optimism score of 0.13 on Accern’s scale. Accern also assigned news articles about the company an impact score of 46.3821672222173 out of 100, meaning that recent media coverage is somewhat unlikely to have an impact on the stock’s share price in the immediate future.
Emmis Communications (NASDAQ EMMS) traded down $0.03 during midday trading on Friday, reaching $3.58. The company’s stock had a trading volume of 3,855 shares, compared to its average volume of 20,582. The company has a debt-to-equity ratio of 1.89, a current ratio of 1.11 and a quick ratio of 1.11. Emmis Communications has a 52 week low of $2.14 and a 52 week high of $3.87. The firm has a market cap of $45.10, a PE ratio of 2.74 and a beta of 0.73.
In other Emmis Communications news, Director Richard A. Leventhal sold 8,951 shares of the business’s stock in a transaction that occurred on Wednesday, November 1st. The stock was sold at an average price of $3.43, for a total transaction of $30,701.93. Following the transaction, the director now owns 88,413 shares in the company, valued at approximately $303,256.59. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, COO Patrick M. Walsh sold 40,000 shares of the business’s stock in a transaction that occurred on Monday, October 16th. The stock was sold at an average price of $3.45, for a total value of $138,000.00. The disclosure for this sale can be found here. Insiders have sold a total of 49,951 shares of company stock worth $172,172 in the last quarter. 27.10% of the stock is currently owned by insiders.
Emmis Communications Company Profile
Emmis Communications Corporation is a media company, which focuses on radio broadcasting. The Company operates through three business segments: Radio, Publishing, and Corporate & Emerging Technologies. As of February 29, 2016, the Company owned 19 frequency modulation (FM) and four amplitude modulation (AM) radio stations in New York, Los Angeles, St.
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