Southern Cross Media Group (ASX:SXL) Hits New 1-Year Low at $0.85

Southern Cross Media Group Ltd (ASX:SXL) shares reached a new 52-week low during mid-day trading on Monday . The stock traded as low as A$0.85 ($0.60) and last traded at A$0.86 ($0.61), with a volume of 2372023 shares traded. The stock had previously closed at A$0.89 ($0.63).

The company has a market capitalization of $657.51 million and a price-to-earnings ratio of -7.18. The company has a debt-to-equity ratio of 76.21, a quick ratio of 1.79 and a current ratio of 2.06. The firm has a fifty day moving average price of A$1.18 and a 200-day moving average price of A$1.22.

The business also recently announced a Final dividend, which was paid on Tuesday, October 8th. Stockholders of record on Tuesday, October 8th were issued a dividend of $0.04 per share. This represents a dividend yield of 3.35%. The ex-dividend date of this dividend was Friday, September 6th. Southern Cross Media Group’s dividend payout ratio (DPR) is currently -67.23%.

In related news, insider Grant Blackley bought 379,412 shares of Southern Cross Media Group stock in a transaction dated Friday, September 6th. The shares were bought at an average cost of A$1.23 ($0.87) per share, with a total value of A$467,056.17 ($331,245.51).

Southern Cross Media Group Company Profile (ASX:SXL)

Southern Cross Media Group Limited, together with its subsidiaries, engages in the creation and broadcasting of content on free-to-air commercial radio, television (TV), and online media platforms. The company operates through two segments, Regional and Metro. The company owns 78 radio stations and 6 digital radio stations across metropolitan and regional Australia, as well as 34 regional radio stations; and broadcasts 86 free to air TV signals in regional Australia primarily under the Nine Network brand.

Further Reading: What are some reasons analysts would give stocks a buy rating?

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