The stock of E.W. Scripps Co (NASDAQ:SSP) last traded at $2.50, down -0.79% from the previous session.
SSP stock price is now 12.00% away from the 50-day moving average and -7.28% away from the 200-day moving average. The market capitalization of the company currently stands at $215.90M.
With the price target reduced from $20 to $11, Wells Fargo Downgraded its rating from Overweight to Equal Weight for E.W. Scripps Co (NASDAQ: SSP). , while ‘The Benchmark Company’ rates the stock as ‘Buy’
In other news, Scagliotti R. Michael, 10% Owner bought 2,300 shares of the company’s stock on Mar 13 ’24. The stock was bought for $9,568 at an average price of $4.16. Upon completion of the transaction, the 10% Owner now directly owns 41,747 shares in the company, valued at $0.1 million. An SEC document containing details of the transaction can be found on the SEC’s website. On Feb 28 ’24, 10% Owner Scripps John Patrick bought 2,100 shares of the business’s stock. A total of $9,460 was incurred on buying the stock at an average price of $4.50. This leaves the insider owning 3,236 shares of the company worth $8090.0. A total of 16.74% of the company’s stock is owned by insiders.
During the past 12 months, E.W. Scripps Co has had a low of $1.68 and a high of $9.35. As of last week, the company has a debt-to-equity ratio of 2.37, a current ratio of 1.34, and a quick ratio of 1.34. The fifty day moving average price for SSP is $2.2322 and a two-hundred day moving average price translates $2.6968 for the stock.
The latest earnings results from E.W. Scripps Co (NASDAQ: SSP) was released for 2024-09-30. The net profit margin was -10.94% and return on equity was -15.64% for SSP. The company reported revenue of $646.3 million for the quarter, compared to $566.53 million a year earlier. Comparatively to last year’s same quarter, the company’s quarterly revenue rose 14.08 percent.
