The Arena Group (NYSE:AREN) Trading Down 1.2% – Should You Sell?

The Arena Group Holdings, Inc. (NYSE:ARENGet Free Report)’s stock price was down 1.2% on Thursday . The company traded as low as $0.66 and last traded at $0.69. Approximately 14,702 shares traded hands during trading, a decline of 76% from the average daily volume of 61,969 shares. The stock had previously closed at $0.70.

The Arena Group Stock Down 1.2 %

The company has a market cap of $20.47 million, a PE ratio of -0.14 and a beta of 0.05. The stock’s 50 day simple moving average is $0.84 and its two-hundred day simple moving average is $0.83.

The Arena Group (NYSE:ARENGet Free Report) last posted its quarterly earnings results on Monday, August 19th. The company reported ($0.24) earnings per share for the quarter. The business had revenue of $27.18 million for the quarter.

The Arena Group Company Profile

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The Arena Group Holdings, Inc, together with its subsidiaries, operates digital media platform in the United States and internationally. The company offers the Platform, a proprietary online publishing platform comprising publishing tools, video platforms, social distribution channels, newsletter technology, machine learning content recommendations, notifications, and other technology.

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