Shares of Paramount Global (NASDAQ:PARAA – Get Free Report) hit a new 52-week low during mid-day trading on Saturday . The company traded as low as 15.64 and last traded at 15.75, with a volume of 75700 shares changing hands. The stock had previously closed at 16.50.
Paramount Global Trading Down 4.5 %
The business has a 50 day moving average of 17.92 and a two-hundred day moving average of 20.01. The firm has a market cap of $10.25 billion, a P/E ratio of -8.38 and a beta of 1.55. The company has a current ratio of 1.17, a quick ratio of 1.02 and a debt-to-equity ratio of 0.70.
Paramount Global (NASDAQ:PARAA – Get Free Report) last released its quarterly earnings data on Monday, August 7th. The company reported 0.10 earnings per share (EPS) for the quarter. The company had revenue of 7.62 billion during the quarter. Paramount Global had a positive return on equity of 2.15% and a negative net margin of 3.89%.
Paramount Global Announces Dividend
Institutional Trading of Paramount Global
Institutional investors and hedge funds have recently modified their holdings of the stock. Gamco Investors INC. ET AL increased its stake in Paramount Global by 20.9% in the 2nd quarter. Gamco Investors INC. ET AL now owns 2,646,414 shares of the company’s stock worth $49,117,000 after acquiring an additional 457,501 shares during the last quarter. Envestnet Asset Management Inc. increased its stake in shares of Paramount Global by 1,776.8% in the first quarter. Envestnet Asset Management Inc. now owns 482,631 shares of the company’s stock worth $122,000 after purchasing an additional 456,916 shares in the last quarter. Vanguard Group Inc. bought a new position in shares of Paramount Global during the third quarter worth $9,701,000. BlackRock Inc. bought a new position in shares of Paramount Global during the 3rd quarter valued at approximately $6,074,000. Finally, Cibc World Markets Corp raised its holdings in Paramount Global by 962.6% during the 2nd quarter. Cibc World Markets Corp now owns 271,376 shares of the company’s stock valued at $4,318,000 after buying an additional 245,837 shares during the period. 1.14% of the stock is owned by hedge funds and other institutional investors.
Paramount Global Company Profile
Paramount Global operates as a media and entertainment company worldwide. The company operates through TV Media, Direct-to-Consumer, and Filmed Entertainment segments. Its TV Media segment operates domestic and international broadcast networks, including CBS Television Network, Network 10, Channel 5, Telefe, and Chilevisión; and cable networks comprising Paramount Media Networks, Nickelodeon, BET Media Group, and CBS Sports.
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