Discovery Inc Series B (NASDAQ:DISCB) shares passed below its 200-day moving average during trading on Friday . The stock has a 200-day moving average of $33.61 and traded as low as $33.80. Discovery Inc Series B shares last traded at $33.80, with a volume of 0 shares trading hands.
Separately, ValuEngine cut shares of Discovery Inc Series B from a “hold” rating to a “sell” rating in a report on Thursday, August 1st.
The stock has a market capitalization of $17.63 billion, a price-to-earnings ratio of 10.55 and a beta of 1.27. The firm’s fifty day moving average is $35.06 and its 200-day moving average is $33.63. The company has a debt-to-equity ratio of 1.32, a current ratio of 1.27 and a quick ratio of 1.27.
A hedge fund recently raised its stake in Discovery Inc Series B stock. FNY Investment Advisers LLC grew its holdings in shares of Discovery Inc Series B (NASDAQ:DISCB) by 9,657.9% during the second quarter, according to its most recent Form 13F filing with the SEC. The firm owned 3,708 shares of the company’s stock after purchasing an additional 3,670 shares during the period. FNY Investment Advisers LLC’s holdings in Discovery Inc Series B were worth $126,000 as of its most recent SEC filing. 0.01% of the stock is owned by hedge funds and other institutional investors.
About Discovery Inc Series B (NASDAQ:DISCB)
Discovery, Inc operates as a media company worldwide. The company operates through two segments, U.S. Networks and International Networks. The company owns and operates various television networks under the Discovery Channel, TLC, Animal Planet, Investigation Discovery, Science Channel, MotorTrend, Food Network, HGTV, Travel Channel, TVN, DIY Network, Cooking Channel, Discovery Family Channel, American Heroes Channel, Destination America, Discovery Life, Discovery en Espanol, Discovery Familia, Great American Country, the Oprah Winfrey Network, Eurosport, Discovery Kids, DMAX, and Discovery Home & Health brands, as well as other regional television networks.
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