Shares of Southern Cross Media Group Ltd (ASX:SXL) passed above its 200-day moving average during trading on Wednesday . The stock has a 200-day moving average of $0.00 and traded as high as $1.31. Southern Cross Media Group shares last traded at $1.29, with a volume of 1,283,045 shares trading hands.
The firm has a market capitalization of $988.18 million and a price-to-earnings ratio of -6.36. The company has a debt-to-equity ratio of 78.83, a current ratio of 2.04 and a quick ratio of 2.04. The business’s 50-day moving average is A$1.27.
About Southern Cross Media Group (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.
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