(VIANEWS) - The Market ended the session with UMG (UMG.AS) rising 10.73% to €24.15 on Thursday while AEX-Index rose 2.14% to €792.06.
About UMG
Universal Music Group N.V. operates as a music company worldwide. It operates through Recorded Music, Music Publishing, and Merchandising & Other segments. The Recorded Music segment discovers and develops recording artists, as well as markets and promotes their music across various formats and platforms; and engages in the live events, sponsorship, film, and television operations. The Music Publishing segment discovers and develops songwriters, as well as owns and administers the copyright for musical compositions used in recordings, public performances, and related uses, such as films and advertisements. The Merchandising & Other segment produces and sells artist and other branded products through various sales channels, including fashion retail, concert touring, and internet, as well as offers brand rights management services. The company has approximately 3 million recordings, 4 million owned and administered titles, and 220 artists/brands, as well as owns approximately 50 labels covering various music genres. Universal Music Group N.V. was incorporated in 2020 and is headquartered in Hilversum, the Netherlands.
Earnings Per Share
As for profitability, UMG has a trailing twelve months EPS of €0.43.
PE Ratio
UMG has a trailing twelve months price to earnings ratio of 56.16. Meaning, the purchaser of the share is investing €56.16 for every euro of annual earnings.
Stock Price Classification
According to the stochastic oscillator, a useful indicator of overbought and oversold conditions, UMG's stock is considered to be oversold (<=20).
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