Lee Enterprises, Incorporated (NYSE:LEE – Get Free Report)’s share price passed above its 50-day moving average during trading on Tuesday. The stock has a 50-day moving average of $6.97 and traded as high as $7.06. Lee Enterprises shares last traded at $6.99, with a volume of 19,801 shares traded.
Lee Enterprises Stock Up 3.6%
The company has a quick ratio of 0.72, a current ratio of 0.78 and a debt-to-equity ratio of 69.34. The company has a 50-day simple moving average of $6.97 and a two-hundred day simple moving average of $8.01. The stock has a market cap of $155.82 million, a P/E ratio of -0.96 and a beta of 0.45.
Institutional Investors Weigh In On Lee Enterprises
A number of hedge funds and other institutional investors have recently added to or reduced their stakes in LEE. BlackRock Inc. purchased a new stake in Lee Enterprises during the 2nd quarter valued at $3,259,000. Cannell Capital LLC bought a new stake in Lee Enterprises in the 2nd quarter worth $3,085,367. Private Advisor Group LLC purchased a new position in shares of Lee Enterprises in the first quarter valued at about $430,000. State of Wyoming purchased a new position in shares of Lee Enterprises in the third quarter valued at about $287,000. Finally, NewEdge Advisors LLC purchased a new position in shares of Lee Enterprises in the second quarter valued at about $113,000. 39.20% of the stock is currently owned by institutional investors.
About Lee Enterprises
Lee Enterprises, Inc. is a media company that publishes local newspapers and operates digital news and information platforms. Its products include daily and weekly newspapers, news websites, mobile applications, email newsletters, magazines and other specialty publications. The company also provides advertising, marketing and audience-engagement services to businesses and organizations. Lee serves communities primarily across the United States, with local media operations covering regional news, business, sports, government, lifestyle and other topics.
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