Townsquare Media Inc. Class A (TSQ) had a good day on the market for Tuesday November 05 as shares jumped 9.68% to close at $7.82. About 76,626 shares traded hands on 463 trades for the day, compared with an average daily volume of n/a shares out of a total float of 18.96 million. After opening the trading day at $7.35, shares of Townsquare Media Inc. Class A stayed within a range of $7.90 to $7.35.
With today’s gains, Townsquare Media Inc. Class A now has a market cap of $148.28 million. Shares of Townsquare Media Inc. Class A have been trading within a range of $7.56 and $3.95 over the last year, and it had a 50-day SMA of $n/a and a 200-day SMA of $n/a.
Townsquare Media Inc is an entertainment and media company offering digital marketing solutions in the United States and Canada. It owns and operates radio stations, social media properties focusing the small and mid-cap companies. Services offered to the clients include live events, local advertising, digital advertising, e-commerce offerings, few others. The segments through which the company operates its businesses are classified into Local marketing solutions and Entertainment segments. Revenues are generated from commercials through broadcasts and sale of internet based advertisements.
Townsquare Media Inc. Class A is based out of Greenwich, CT and has some 2,821 employees. Its CEO is Bill Wilson.
Townsquare Media Inc. Class A is also a component of the Russell 2000. The Russell 2000 is one of the leading indices tracking small-cap companies in the United States. It’s maintained by Russell Investments, an industry leader in creating and maintaining indices, and consists of the smallest 2000 stocks from the broader Russell 3000 index.
Russell’s indices differ from traditional indices like the Dow Jones Industrial Average (DJIA) or S&P 500, whose members are selected by committee, because they base membership entirely on an objective, rules based methodology. The 3,000 largest companies by market cap make up the Russell 3000, with the 2,000 smaller companies making up the Russell 2000. It’s a simple approach that gives a broad, unbiased look at the small-cap market as a whole.
