Keep Your Eyes on Stock News: Saga Communications (NASDAQ:SGA)

Saga Communications (NASDAQ:SGA) stock identified change of 7.93% away from 52-week low price and recently located move of -18.30% off 52-week high price. It has market worth of $180.11M and dividend yield of 3.97%. SGA stock has been recorded -0.54% away from 50 day moving average and -0.78% away from 200 day moving average. Moving closer, we can see that shares have been trading -1.15% off 20-day moving average.

On Jan. 6, 2020, Saga Communications (NASDAQ:SGA) reported that Marcia Lobaito has informed the Company that, after 33 years with the Company, she will be retiring as Senior Vice President and Director of Business Affairs, effective March 13, 2020. At the request of the Company, Ms. Lobaito will continue to serve as Corporate Secretary. Ed Christian, Saga’s President and Chief Executive Officer, said, Marcia was part of the Company before we became Saga Communications.  She has been part of the fabric of Saga since it was formed some 33 plus years ago.  She has watched and aided in our growth and she will be missed as a Senior Vice President.  We are fortunate, however, that she will remain still integral to our Company as the Corporate Secretary of Saga Communications.

This press release contains certain forward-looking statements that are based upon current expectations and involve certain risks and uncertainties within the meaning of the U.S. Private Securities Litigation Reform Act of 1995. Words such as believes, expects, anticipates, guidance and similar expressions are intended to identify forward-looking statements. Key risks, including risks associated with Saga’s ability to effectively integrate the stations it acquires and the impact of federal regulation on Saga’s business, are described in the reports Saga periodically files with the U.S. Securities and Exchange Commission, including Item 1A of our Annual Report on Form 10-K. Readers should note that these statements may be impacted by several factors, including national and local economic changes and changes in the radio and television broadcast industry in general, as well as Saga’s actual performance. Results may vary from those stated herein and Saga undertakes no obligation to update the information contained here.

 The Services sector company, Saga Communications noticed change of 0.17% to $30.22 along volume of 3340 shares in recent session compared to an average volume of 6.74K shares. The stock observed return of -0.07% in 5 days trading activity. The stock was at -3.30% over one month performance. SGA’s shares are at 0.73% for the quarter and driving a -10.49% return over the course of the past year and is now at -0.59% since this point in 2018.  The average volatility for the week at 1.26% and for month was at 1.66%. There are 5.96M shares outstanding and 4.90M shares are floated in market. Right now the stock beta is 0.97. 

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