Madison Square Garden Co (NYSE:MSG)’s stock price reached a new 52-week low during trading on Wednesday . The company traded as low as $171.70 and last traded at $177.22, with a volume of 201880 shares traded. The stock had previously closed at $171.31.
A number of research analysts have commented on the company. Morgan Stanley decreased their price target on Madison Square Garden from $320.00 to $305.00 and set an “equal weight” rating on the stock in a research note on Monday, April 13th. Imperial Capital increased their price objective on Madison Square Garden from $307.00 to $308.00 and gave the company an “outperform” rating in a research note on Wednesday, April 8th. One investment analyst has rated the stock with a hold rating and five have given a buy rating to the company. The company presently has a consensus rating of “Buy” and an average price target of $339.60.
The company has a debt-to-equity ratio of 0.08, a current ratio of 1.62 and a quick ratio of 1.62. The stock has a market cap of $4.11 billion, a price-to-earnings ratio of -166.32 and a beta of 0.87. The stock’s 50-day moving average is $185.96 and its 200 day moving average is $251.33.
About Madison Square Garden (NYSE:MSG)
The Madison Square Garden Company, together with its subsidiaries, engages in live sports and entertainment businesses in the United States. The company operates in two segments, MSG Sports and MSG Entertainment. The MSG Sports segment owns and operates professional sports franchises; and promotes, produces, and/or presents an array of other live sporting events, including professional boxing, college basketball, college hockey, professional bull riding, mixed martial arts, esports, tennis, and college wrestling.
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