The company is now up by 8.71% at $2.87 and has one of the biggest price gains of the day. More than 210,135 shares have been traded.
It is trading at $2.87 which is just over the 50 day moving average which is $2.69 and which is marginally higher than the 200 day moving average of $2.78. The 50 day moving average was up $0.18 or +6.85% whereas the 200 day average was up by +3.09%.
Traders are a little more bearish on Emmis Communications Corporatio of late if you pay attention to the uptick in short interest. The stock recorded a rise in short interest of 72.14% as of the latest report on August 15, 2017. Short shares grew 5,934 over that period. The short-interest ratio decreased to 1.0 and the short interest percentage is 0.00% as of August 15.
The P/E ratio is currently 3.50 and the market cap is 35.94M.
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..