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Last $4.76 USD
Change Today +0.02 / 0.42%
Volume 26.7K
AMCN On Other Exchanges
Symbol
Exchange
Frankfurt
As of 10:47 AM 08/4/15 All times are local (Market data is delayed by at least 15 minutes).

airmedia group inc-adr (AMCN) Snapshot

Open
$4.76
Previous Close
$4.74
Day High
$4.77
Day Low
$4.73
52 Week High
06/15/15 - $7.70
52 Week Low
09/11/14 - $1.65
Market Cap
290.6M
Average Volume 10 Days
442.8K
EPS TTM
$-0.48
Shares Outstanding
61.1M
EX-Date
--
P/E TM
--
Dividend
--
Dividend Yield
--
Current Stock Chart for AIRMEDIA GROUP INC-ADR (AMCN)

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airmedia group inc-adr (AMCN) Details

AirMedia Group Inc. operates out-of-home advertising platforms primarily in the People's Republic of China. The company operates a network of digital TV screens on planes operated by seven airlines; traditional media in airports, such as light boxes, billboards, and painted advertisements; and gas station media displays, as well as other outdoor media displays out of the air travel advertising sector. It also displays non-advertising content, such as weather, sports, and comedy clips; and television programs, including documentaries and hidden camera type reality shows from other third-party content providers. In addition, the company holds concession rights to operate various traditional advertising media comprising billboards, light boxes, and other media platforms outside the air travel sector. As of March 31, 2015, its programs were placed on digital TV screens on planes operated by 7 airlines; and it operated 454 light boxes and billboards in 7 airports. The company also operates approximately 22 unipole signs and other outdoor media in locations throughout Beijing; and 6,966 tablets on high-speed trains in China. AirMedia Group Inc. was founded in 2005 and is headquartered in Beijing, the People's Republic of China.

890 Employees
Last Reported Date: 04/24/15
Founded in 2005

airmedia group inc-adr (AMCN) Top Compensated Officers

No compensation data is available at this time for the top officers at this company.

Executives, Board Directors

airmedia group inc-adr (AMCN) Key Developments

Pomerantz LLP Announces a Class Action Lawsuit against AirMedia Group, Inc

Pomerantz LLP announces that a class action lawsuit has been filed against AirMedia Group Inc. and certain of its officers. The class action, filed in United States District Court, Southern District of New York, is on behalf of a class consisting of all persons or entities who purchased AirMedia securities between April 15, 2015 and June 15, 2015 inclusive (class period). This class action seeks to recover damages against Defendants for alleged violations of the federal securities laws under the Securities Exchange Act of 1934. The complaint alleges that throughout the class period, Defendants made false and misleading statements regarding the purported sale of a 5% interest in AirMedia's advertising subsidiary, AirMedia Group Co. Ltd. to Shenzhen Liantronics Co. Ltd., and the valuation of the subsidiary negotiated in the deal. AirMedia's press release announcing the sale stated that the deal reflected the total valuation of AM Advertising of RMB 3 billion, or $500 million. The complaint further alleges that defendants made additional statements during the class period claiming that RMB 3 billion or $500 million was a solid valuation of the AM Advertising subsidiary. As a result of defendants' false and misleading statements during the class period, AirMedia ADRs traded at artificially inflated prices, reaching a high price of $7.70 per ADR in intraday trading on June 15, 2015.

The Rosen Law Firm Files Securities Class Action Lawsuit Against AirMedia Group, Inc

The Rosen Law Firm announced that a class action lawsuit has been filed on behalf of purchasers of AirMedia Group Inc. American Depositary Receipts from April 15, 2015 through June 15, 2015, both dates inclusive. The lawsuit seeks to recover damages for AirMedia investors under the federal securities laws. AirMedia misled investors about the purported sale of a 5% interest in AirMedia’s advertising subsidiary, AirMedia Group Co. Ltd., to Shenzhen Liantronics Co. Ltd., and the valuation of the subsidiary negotiated in the deal, stating that deal was worth $500 million. On June 15, 2015, the company issued an announcement stating that it had entered into a definitive agreement to sell a 75% equity interest in AM Advertising to Beijing Longde Wenchuang Fund Management Co. Ltd. for $344.4 million, a significant reduction from the value the company had claimed during the class period. When the true details entered the market, AirMedia’s share price declined and investors suffered damages.

AirMedia Plans To Sell Remaining Advertising Business

AirMedia Group Inc. (NasdaqGS:AMCN) plans to sell the remainder of advertising business, Shenzhen Liantronics Co., Ltd. (SZSE:300269) in foreseeable future.

 

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AMCN Competitors

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Company Last Change
Clear Media Ltd $8.65 HKD +0.02
IDI Inc $8.27 USD -0.68
TOM Group Ltd $1.66 HKD +0.01
VisionChina Media Inc $10.64 USD +0.25
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Industry Analysis

AMCN

Industry Average

Valuation AMCN Industry Range
Price/Earnings NM Not Meaningful
Price/Sales 1.1x
Price/Book 1.2x
Price/Cash Flow NM Not Meaningful
TEV/Sales 0.9x
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