Discovery Inc Series B (NASDAQ:DISCB) Share Price Passes Below Two Hundred Day Moving Average of $33.61
Discovery Inc Series B (NASDAQ:DISCB) passed below its two hundred day moving average during trading on Friday . The stock has a two hundred day moving average of $33.61 and traded as low as $33.80. Discovery Inc Series B shares last traded at $33.80, with a volume of 0 shares traded.
Separately, ValuEngine cut shares of Discovery Inc Series B from a “hold” rating to a “sell” rating in a research note on Thursday, August 1st.
The firm has a market cap of $18.17 billion, a price-to-earnings ratio of 10.55 and a beta of 1.27. The business’s 50 day moving average price is $35.06 and its 200 day moving average price is $33.63. The company has a debt-to-equity ratio of 1.32, a quick ratio of 1.27 and a current ratio of 1.27.
A hedge fund recently raised its stake in Discovery Inc Series B stock. FNY Investment Advisers LLC increased its holdings in shares of Discovery Inc Series B (NASDAQ:DISCB) by 9,657.9% during the second quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 3,708 shares of the company’s stock after buying an additional 3,670 shares during the period. FNY Investment Advisers LLC’s holdings in Discovery Inc Series B were worth $126,000 as of its most recent filing with the Securities and Exchange Commission (SEC). Institutional investors own 0.01% of the company’s stock.
About Discovery Inc Series B (NASDAQ:DISCB)
Discovery, Inc operates as a media company worldwide. The company operates through two segments, U.S. Networks and International Networks. The company owns and operates various television networks under the Discovery Channel, TLC, Animal Planet, Investigation Discovery, Science Channel, MotorTrend, Food Network, HGTV, Travel Channel, TVN, DIY Network, Cooking Channel, Discovery Family Channel, American Heroes Channel, Destination America, Discovery Life, Discovery en Espanol, Discovery Familia, Great American Country, the Oprah Winfrey Network, Eurosport, Discovery Kids, DMAX, and Discovery Home & Health brands, as well as other regional television networks.
Further Reading: Market Perform
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