Boston, MA 06/18/2013 (wallstreetpr) – The share prices of Dex Media Inc. (NASDAQ:DXM) had surged by 4.28 percent to close at $19.00 per share for the end of last trading session on Monday. The shares of the company had been trading in the range of $18.10 to $19.19 per share during the day. The shares of Dex Media Inc. (NASDAQ:DXM) had recorded 52 week low price level of $9.85 per share and 52 week high price level of $23.86 per share.
Dex Media Inc. (NASDAQ:DXM) is primarily engaged in providing social, local and mobile marketing solutions for local businesses in the region. The company provides marketing solutions to its client businesses through wide range of media such as websites, print, mobile, search engine and social media solutions. The two major brands through which Dex Media Inc. (NASDAQ:DXM) provides its marketing solutions are Dex One and SuperMedia.
The company further offers marketing solutions through its two websites – DexKnows.com and Superpages.com and through mobile search applications and local print directories. Recently Moody’s Investors Services had assigned ratings to the various investment vehicles floated by Dex Media Inc. (NASDAQ:DXM). The company had received an overall Caa1 corporate family rating and Caa1 – PD Probability of default rating. The rating outlook given to the marketing media solutions provider is on the whole negative.
The Moody’s rating agency had further assigned Caa3 for the senior subordinated notes issued by Dex Media Inc. (NASDAQ:DXM) and due in 2017. The company had witnessed the trade of 278,631 shares on Monday, while the average trading volume for Dex Media Inc. (NASDAQ:DXM) is at 476,868 shares per day.
Dex Media Inc. (NASDAQ:DXM) presently holds 17.04 million shares outstanding in the market.
