AirMedia Group Inc. (NASDAQ:ANTE) spotted trading -67.50% off 52-week high price. On the other end, the stock has been noted 15.57% away from the low price over the last 52-weeks. The stock changed 5.06% to recent value of $1.04. The stock transacted 41932 shares during most recent day however it has an average volume of 17.4K shares. The company has 12.82M of outstanding shares and 2.3M shares were floated in the market.
AirNet Technology Inc., formerly known as AirMedia Group Inc. (NASDAQ: ANTE), an in-flight solution provider on connectivity, entertainment, and digital multimedia in China, announced in grief that the Company’s independent director Mr. Shichong Shan, 89, had passed away recently. Mr. Shan had served as an independent director on the Company’s board of directors (the “Board”) since July 2007, and as a member of the Audit Committee and the Compensation Committee of the Board. Mr. Wen Dong, one of the Company’s independent directors, was elected to sit on the Audit Committee and the Compensation Committee.
Presently, AirNet’s Board of Directors comprises six members including four independent directors, who are Messrs. Conor Chia-hung Yang, Hua Zhuo, Songzuo Xiang and Dong Wen, and two non-independent directors, who are Messrs. Herman Man Guo and Qing Xu. Each of its Audit Committee, Compensation Committee and Compliance Committee is composed of three independent directors.
Herman Man Guo, AirNet’s Chairman and Chief Executive Officer, said, “We offer our deepest condolences and sympathy to Mr. Shan’s family. Further, we would like to express our sincere appreciation for the valuable contributions of Mr. Shan in his tenure as the Company’s director.”
Its earnings per share (EPS) expected to touch remained -137.80% for this year . ANTE has a gross margin of -66.80% .
According to the most recent quarter its current ratio was 1 that represents company’s ability to meet its current financial obligations. The price moved ahead of 7.92% from the mean of 20 days, -13.77% from mean of 50 days SMA and performed -39.07% from mean of 200 days price. Company’s performance for the week was 11.12%, 4.01% for month and YTD performance remained -17.12%.