Airmedia traded at $0.88 this Tuesday March 3rd, decreasing $0.13 or 12.79 percent since the previous trading session. Looking back, over the last four weeks, Airmedia lost 0.80 percent. Over the last 12 months, its price fell by 98.21 percent. Looking ahead, we forecast Airmedia to be priced at 0.85 by the end of this quarter and at 0.79 in one year, according to Trading Economics global macro models projections and analysts expectations.
AIRNET TECHNOLOGY INC., formerly AirMedia Group Inc., is a China-based holding company principally involved in the provision of in-flight solutions on connectivity, entertainment, and digital multimedia. The Company provides Chinese airlines with seamless and immersive Internet connections through a network of satellites and land-based beacons, furnish airline travelers with interactive entertainment and coverage of breaking news, and provide corporate clients with advertisements tailored to the changing perceptions of the travelers. The Company primarily operates its businesses in domestic market.