AirMedia Group Inc. (AMCN) shares are up a whooping 76% to $3.62 in early trading, easily surpassing their Nov. 28 peak near $3.15. The move comes on a big volume too with the issue currently trading more than 3.5 million shares, which dwarfs the average volume of 115K shares for a full session over the past 3 months. Not seeing any news or rumors to account for the move.
AirMedia Group Inc. operates out-of-home advertising platforms primarily in the People’s Republic of China. Its stock has a median consensus analyst price target of $2.20, and a 52-week trading range of $1.65 to $3.70.
The T-12 profit margin at AirMedia is (10.18%). AMCN‘s revenue for the same period is $252.48 million.
AirMedia Group Inc. has a current market cap of $214 million.