McClatchy Co. (MNI) Sees Large Volume Increase
McClatchy Co. (NYSE:MNI) shares saw an uptick in trading volume on Thursday . 69,323 shares traded hands during mid-day trading, a decline of 9% from the previous session’s volume of 76,321 shares.The stock last traded at $17.77 and had previously closed at $17.47.
Separately, Zacks Investment Research lowered shares of McClatchy from a “buy” rating to a “hold” rating in a report on Tuesday, March 29th.
The stock’s market capitalization is $138.80 million. The stock has a 50 day moving average price of $13.84 and a 200 day moving average price of $11.67.
McClatchy (NYSE:MNI) last announced its quarterly earnings results on Wednesday, April 20th. The company reported ($0.16) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of ($0.15) by $0.01. The business had revenue of $237.80 million for the quarter, compared to analyst estimates of $241.79 million. The business’s revenue for the quarter was down 7.5% on a year-over-year basis. On average, analysts predict that McClatchy Co. will post ($0.70) earnings per share for the current fiscal year.
The McClatchy Company is a news and information publisher of various publications, such as the Miami Herald, The Kansas City Star, The Sacramento Bee, The Charlotte Observer, The (Raleigh) News and Observer, and the (Fort Worth) Star-Telegram. The Company’s segments include Western Segment and Eastern Segment.
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