News to Watch : DHX Media (NASDAQ: DHXM)

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Shares of DHX Media (NASDAQ: DHXM) have been recently spotted trading -50.61% off of the 52-week high price. On the other end, the stock has been noted 103.75% away from the low price over the last 52-weeks. 52 week range of the stock remained $ 0.80 – 3.30. Switching over to some distances from popular moving averages, we see that the stock has been recorded -10.32% away from the 50 day moving average and -13.27% away from the 200 day moving average. Moving closer, we can see that shares have been trading -5.55% off of the 20-day moving average. 505 employees work in the Company. It has market cap of $224.42M.

The average volatility for the week and month was at 5.08% 5.03% respectively. There are 134.38M shares outstanding and 41.54M shares are floated in market.

DHX Media (or the “Company”) (TSX: DHX,NASDAQ: DHXM), a global children’s content and brands company, has entered into an Agreement of Purchase and Sale to sell a building it owns on Bartley Drive, Toronto. The sale is part of the Company’s ongoing strategic shift to focus and streamline its operations. Under the terms of the agreement, DHX Media has agreed to sell the facility for total consideration of $12.0 million. The transaction is expected to close on or about June 6, 2019 and is subject to customary closing conditions. Proceeds from the transaction will be used to pay down debt.

The Services based company DHX Media Ltd. moved with change of -2.40% to $1.63 with the total traded volume of 17627 shares in recent session versus to an average volume of 105.47K. The stock was up in the 5 days activity 1.52%. The one month performance of stock was -11.17%. DHXM shares are at 3.73% for the quarter and driving a -43.87% return over the course of the past year and is now at 0.00% since this point in 2018.

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Sebastian  Power
Sebastian Power also covers the financial news across all market sectors. He also has an enormous knowledge of stock market. Sebastian holds an MBA degree from University of Florida. He has more than 10 years of experience in writing financial and market news. He previously worked at a number of companies in different role including web developer, software engineer and product manager. He currently covers financial news section for our site. Address: 4658 Columbia Road, Wrangle Hill, Delaware Phone number: 302-838-9976 Email: 
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