The stock last traded at $3.60 which is significantly higher than the 50 day moving average which is $3.21 and quite a bit above the 200 day moving average of $2.96. The 50 day moving average went up by +11.9229% and the 200 day average went up $0.64 or +21.6011%. Trading was light with 150 shares changing hands on Tuesday. Overall, volume was down 99.13% under the stocks normal daily volume.
Traders are a little more bearish of late as inferred by the uptick in short interest. The company saw a rise in short interest between September 15, 2017 and September 29, 2017 of 0.08%. Short interest grew 127 over that period. Days to cover increased from 2.0 to 6.0 and the short interest percentage is 0.01% as of September 29.
Emmis Communications Corporatio (NASDAQ:EMMS) has been the object of insider selling activity recently. J. Scott Enright, EVP sold $3,470 worth of shares at an average price of $3.47 on Fri the 13th. That brings the EVP’s holdings to $196,218 per an SEC filing yesterday. Patrick M. Walsh, President, COO disclosed the sale of 40,000 shares. The shares were sold on October 16th for a price of $3.44. The President, COO now owns $1,038,997 of the stock according to the SEC filing.
The P/E ratio is currently 0.5608 and the market value is 45.70M.
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..