Glacier Media (TSE:GVC) Hits New 52-Week High – Should You Buy?

Glacier Media Inc. (TSE:GVC) hit a new 52-week high during trading on Monday . The stock traded as high as C$0.38 and last traded at C$0.38, with a volume of 8117 shares trading hands. The stock had previously closed at C$0.38.

Glacier Media Price Performance

The company has a debt-to-equity ratio of 21.58, a current ratio of 0.78 and a quick ratio of 1.23. The firm’s 50-day simple moving average is C$0.35 and its two-hundred day simple moving average is C$0.34. The company has a market capitalization of C$49.83 million, a price-to-earnings ratio of 2.55 and a beta of 0.61.

Glacier Media (TSE:GVC) last posted its quarterly earnings results on Tuesday, August 4th. The company reported C$0.04 earnings per share (EPS) for the quarter. The company had revenue of C$30.23 million during the quarter. Glacier Media had a negative net margin of 63.78% and a negative return on equity of 89.90%. Sell-side analysts predict that Glacier Media Inc. will post 0.07 EPS for the current fiscal year.

Insiders Place Their Bets

In other news, insider Mark Thomas Melville acquired 95,500 shares of Glacier Media stock in a transaction that occurred on Tuesday, June 30th. The stock was purchased at an average cost of C$0.34 per share, with a total value of C$32,470.00. Following the completion of the acquisition, the insider owned 359,864 shares in the company, valued at C$122,353.76. This trade represents a 36.12% increase in their position. 61.79% of the stock is owned by insiders.

About Glacier Media

Glacier Media Inc offers information and marketing solutions. It operates in three segments Environmental, Property and Financial Information; Commodity Information; and Community Media. Environmental, Property and Financial Information includes the company’s business to business content, marketing solutions and data information products that are environmental, and property-related. The Commodity Information includes the business-to-business content, marketing solutions and data information products which are agriculture, energy and mining-related.