USA Today (NYSE:TDAY) Share Price Passes Above 50-Day Moving Average – Time to Sell?

Shares of USA Today Co. (NYSE:TDAY) passed above its 50-day moving average during trading on Thursday . The stock has a 50-day moving average of $5.09 and traded as high as $6.00. USA Today shares last traded at $5.97, with a volume of 1,623,756 shares traded.

Analyst Upgrades and Downgrades

A number of research analysts have recently weighed in on TDAY shares. Weiss Ratings upgraded USA Today from a “sell (d+)” rating to a “hold (c-)” rating in a research report on Thursday, January 8th. Citigroup restated a “neutral” rating on shares of USA Today in a research note on Monday. Finally, Wall Street Zen downgraded shares of USA Today from a “hold” rating to a “sell” rating in a report on Saturday, November 8th. Two investment analysts have rated the stock with a Hold rating, According to data from MarketBeat, USA Today currently has a consensus rating of “Hold” and an average target price of $5.10.

USA Today Price Performance

The company has a fifty day moving average price of $5.09 and a two-hundred day moving average price of $4.51. The firm has a market capitalization of $878.25 million, a price-to-earnings ratio of 28.43 and a beta of 1.59. The company has a quick ratio of 0.67, a current ratio of 0.69 and a debt-to-equity ratio of 4.66.

Institutional Trading of USA Today

Institutional investors and hedge funds have recently made changes to their positions in the stock. Kapitalo Investimentos Ltda purchased a new stake in shares of USA Today during the 3rd quarter valued at about $44,000. Principal Financial Group Inc. purchased a new position in USA Today during the 3rd quarter worth approximately $45,000. Savant Capital LLC purchased a new stake in shares of USA Today in the second quarter worth approximately $50,000. PharVision Advisers LLC acquired a new position in shares of USA Today in the third quarter worth $51,000. Finally, Wealth Enhancement Advisory Services LLC acquired a new position in USA Today during the 2nd quarter worth $53,000. 76.71% of the stock is currently owned by hedge funds and other institutional investors.

About USA Today

Gannett Co, Inc (NYSE: GCI) is a media and marketing solutions company headquartered in McLean, Virginia. As the largest U.S. newspaper publisher by circulation, Gannett publishes USA Today alongside more than 260 local news brands. The company’s multimedia platforms include daily and weekly newspapers, websites, mobile apps and a network of subscription-based digital products.

In addition to journalism and content production, Gannett offers a suite of digital marketing services designed to help small and medium-sized businesses grow online.