Shares of EMMS opened at $4.51 on Monday. The stock has a market cap of $67.64 million, a PE ratio of 1.17 and a beta of 0.51. The company has a debt-to-equity ratio of 0.53, a quick ratio of 0.62 and a current ratio of 0.62. Emmis Communications has a 1-year low of $2.83 and a 1-year high of $5.84.
In related news, COO Patrick M. Walsh sold 25,000 shares of the business’s stock in a transaction dated Friday, October 12th. The shares were sold at an average price of $4.60, for a total transaction of $115,000.00. Following the sale, the chief operating officer now owns 255,759 shares of the company’s stock, valued at $1,176,491.40. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Insiders own 32.30% of the company’s stock.
About Emmis Communications
Emmis Communications Corporation, a diversified media company, engages in radio broadcasting activities in the United States. The company operates in three segments: Radio, Publishing, and Corporate & Emerging Technologies. It operates 11 FM and 3 AM radio stations in New York, Los Angeles, Indianapolis, and Austin, as well as publishes Indianapolis monthly magazine.
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