MediaCo (NASDAQ:MDIA) Trading Down 4.1% - Time to Sell?

MediaCo Holding Inc. (NASDAQ:MDIA - Get Free Report)'s stock price traded down 4.1% during mid-day trading on Wednesday . The stock traded as low as $0.7330 and last traded at $0.8063. 19,407 shares changed hands during trading, a decline of 85% from the average session volume of 129,362 shares. The stock had previously closed at $0.8410.Analysts Set New Price TargetsSeparately, Weiss Ratings reaffirmed a "sell (d)" rating on shares of MediaCo in a research note on Monday. One equities research analyst has rated the stock with a Sell rating, According to data from MarketBeat, the company presently has a consensus rating of "Sell".View Our Latest Report on MediaCoMediaCo Stock PerformanceThe company has a market cap of $65.99 million, a P/E ratio of -1.49 and a beta of -0.30. The business's fifty day moving average is $1.06 and its two-hundred day moving average is $1.19. Institutional Trading of MediaCoAn institutional investor recently bought a new position in MediaCo stock. Citadel Advisors LLC bought a new stake in shares of MediaCo Holding Inc. (NASDAQ:MDIA - Free Report) in the third quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund bought 32,354 shares of the company's stock, valued at approximately $41,000. Citadel Advisors LLC owned approximately 0.06% of MediaCo as of its most recent SEC filing. 64.01% of the stock is currently owned by institutional investors and hedge funds. MediaCo Company Profile (Get Free Report)MediaCo Holding Inc owns and operates radio stations in the United States. The company engages in the operation of WQHT-FM and WBLS-FM radio stations in the New York City area. It also offers digital advertising, and events, which includes sponsorships, ticket sales, licensing, and syndication services.Featured ArticlesFive stocks we like better than MediaCoRetail Stocks Investing, ExplainedMarket Momentum: 3 Stocks Poised for Major BreakoutsETF Screener: Uses and Step-by-Step Guide 3 Reasons Casey’s General Stores Will Continue Trending HigherHow to Use the MarketBeat Excel Dividend CalculatorGolden Cross Alert: 3 Stocks With Major Upside PotentialThis instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest reporting and unbiased coverage. Please send any questions or comments about this story to contact@marketbeat.com.Should You Invest $1,000 in MediaCo Right Now?Before you consider MediaCo, you'll want to hear this.MarketBeat keeps track of Wall Street's top-rated and best performing research analysts and the stocks they recommend to their clients on a daily basis. MarketBeat has identified the five stocks that top analysts are quietly whispering to their clients to buy now before the broader market catches on... and MediaCo wasn't on the list.While MediaCo currently has a Sell rating among analysts, top-rated analysts believe these five stocks are better buys.View The Five Stocks Here