Glacier Media (TSE:GVC) Shares Pass Above 200-Day Moving Average – Time to Sell?

Glacier Media Inc. (TSE:GVC) crossed above its 200-day moving average during trading on Wednesday . The stock has a 200-day moving average of C$0.33 and traded as high as C$0.36. Glacier Media shares last traded at C$0.36, with a volume of 23,000 shares.

Glacier Media Stock Up 5.9%

The business’s 50 day simple moving average is C$0.34 and its 200 day simple moving average is C$0.33. The company has a market capitalization of C$47.21 million, a PE ratio of 5.22 and a beta of 0.61. The company has a quick ratio of 1.23, a current ratio of 0.78 and a debt-to-equity ratio of 21.58.

Glacier Media (TSE:GVC) last released its earnings results on Tuesday, August 4th. The company reported C$0.04 earnings per share for the quarter. The business had revenue of C$30.23 million for the quarter. Glacier Media had a negative net margin of 63.78% and a negative return on equity of 89.90%. As a group, analysts forecast that Glacier Media Inc. will post 0.07 EPS for the current year.

Insider Activity

In other news, insider Mark Thomas Melville purchased 95,500 shares of the stock in a transaction that occurred on Tuesday, June 30th. The stock was acquired at an average price of C$0.34 per share, with a total value of C$32,470.00. Following the purchase, the insider owned 359,864 shares in the company, valued at C$122,353.76. This represents a 36.12% increase in their position. 61.79% of the stock is currently owned by corporate insiders.

Glacier Media Company Profile

Glacier Media Inc offers information and marketing solutions. It operates in three segments Environmental, Property and Financial Information; Commodity Information; and Community Media. Environmental, Property and Financial Information includes the company’s business to business content, marketing solutions and data information products that are environmental, and property-related. The Commodity Information includes the business-to-business content, marketing solutions and data information products which are agriculture, energy and mining-related.