Emmis Communications Corporatio (NASDAQ:EMMS):
Emmis Announces First Quarter Earnings.
The company is so far trading down since yesterday’s close of $2.85.
Emmis Communications Corporation, launched on July 17, 1986, 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. Louis, Austin, Indianapolis and Terre Haute, Indiana. One of the FM radio stations that the Company owns in New York is operated pursuant to a local marketing agreement (LMA) whereby a third party provides the programming for the station and sells all advertising within that programming..
It is currently trading at $2.82 just below $3.19, the stock’s 50 day moving average and a tad below the 200 day moving average of $2.95. The 50 day moving average was down $-0.35 and the 200 day average went down by -3.62%.
Emmis Communications Corporatio currently has a P/E ratio of 2.65 and the market cap of the company is 35.46M.