Reservoir Media, Inc. (NASDAQ:RSVR – Get Free Report)’s share price gapped up before the market opened on Wednesday . The stock had previously closed at $7.98, but opened at $8.18. Reservoir Media shares last traded at $8.13, with a volume of 13,484 shares changing hands.
Reservoir Media Stock Up 3.9 %
The stock’s 50 day simple moving average is $7.58 and its 200 day simple moving average is $7.80. The stock has a market capitalization of $558.66 million, a P/E ratio of -858.14, a P/E/G ratio of 9.19 and a beta of 0.90. The company has a current ratio of 1.28, a quick ratio of 1.16 and a debt-to-equity ratio of 0.91.
Reservoir Media (NASDAQ:RSVR – Get Free Report) last issued its earnings results on Wednesday, July 31st. The company reported ($0.01) earnings per share for the quarter. The business had revenue of $34.32 million for the quarter, compared to analyst estimates of $34.42 million. Reservoir Media had a return on equity of 0.96% and a net margin of 0.01%. As a group, research analysts predict that Reservoir Media, Inc. will post 0.09 EPS for the current fiscal year.
Institutional Inflows and Outflows
About Reservoir Media
Reservoir Media, Inc operates as a music publishing company. It operates through two segments, Music Publishing and Recorded Music. The Music Publishing segment acquires interests in music catalogs, as well as signs songwriters. The Recorded Music segment engages in the acquisition of sound recording catalogs; discovery and development of recording artists; and marketing, distribution, sale, and licensing of the music catalogs.
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