John Kelly Buys 76,923 Shares of Southern Cross Media Group Limited (ASX:SXL) Stock

Southern Cross Media Group Limited (ASX:SXL) insider John Kelly purchased 76,923 shares of the company’s stock in a transaction that occurred on Monday, March 24th. The shares were bought at an average cost of A$0.69 ($0.43) per share, with a total value of A$53,153.79 ($33,430.06).

Southern Cross Media Group Stock Performance

The company has a debt-to-equity ratio of 121.19, a quick ratio of 1.73 and a current ratio of 1.56. The company has a market cap of $154.73 million, a PE ratio of -0.70, a price-to-earnings-growth ratio of -2.96 and a beta of 1.74.

Southern Cross Media Group Company Profile

Southern Cross Media Group Limited, together with its subsidiaries, engages in the creation of audio content for distribution on broadcast and digital networks. It operates in two segments, Audio and Television. The company owns 99 radio stations in FM, AM, and DAB+ radio, as well as 34 regional radio stations; broadcasts 93 free to air TV signals in regional Australia; operates LiSTNR, an audio destination for consumers housing radio, podcasts, music, and news; and offers sales representation for open audio platform SoundCloud and Sonos Radio.