Stock News Buzz: AirMedia Group Inc. (AMCN)

AirMedia Group Inc. (AMCN) spotted trading -59.04% off 52-week high price. On the other end, the stock has been noted 171.67% away from the low price over the last 52-weeks. The stock changed 0.20% to recent value of $0.49. The stock transacted 222565 shares during most recent day however it has an average volume of 256.17K shares. The company has 59.96M of outstanding shares and 56.51M shares were floated in the market.  

AirMedia Group Inc. (AMCN) reported that its Chairman, Chief Executive Officer and Chief Financial Officer Herman Man Guo had continuously proceeded with his share purchase plan (the “Share Purchase Plan”), which was previous announced by the Company on March 28, 2018 and updated on September 28, 2018. As of January 30, 2019, Mr. Guo had purchased an aggregate of 1,724,922 American depositary shares (ADSs) over the period of Dec. 7, 2018 to Jan. 30, 2019 at an average purchase price of approximately US$0.35 per ADS. Due to the restrictions on insider trading starts on January 31st, 2019, Mr. Guo would temporarily stop his repurchase from January 31st, 2019 till 48 hours after the Company files its 2018 Form-20F.

Incorporated in 2007 and headquartered in Beijing, China, AirMedia Group Inc. (AMCN) is an operator of out-of-home advertising platforms in China targeting mid-to-high-end consumers as well as a first-mover in the travel Wi-Fi market. AirMedia sells advertisements on the routes operated by several Chinese airlines and also has concession rights to operate the Wi-Fi systems on trains administered by several railway administrative bureaus in China.

 Its earnings per share (EPS) expected to touch remained -137.80% for this year while earning per share for the next 5-years is expected to reach at 20.00%. AMCN has a gross margin of -66.80%. 

 According to the most recent quarter its current ratio was 1 that represents company’s ability to meet its current financial obligations. The price moved ahead of 18.92% from the mean of 20 days, 54.70% from mean of 50 days SMA and performed 1.49% from mean of 200 days price. Company’s performance for the week was -1.61%, 84.60% for month and YTD performance remained 94.82%.

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