Lee Enterprises Inc. (LEE) Sees Unusually-High Trading Volume
Shares of Lee Enterprises Inc. (NYSE:LEE) saw strong trading volume on Thursday . 199,937 shares changed hands during mid-day trading, an increase of 101% from the previous session’s volume of 99,258 shares.The stock last traded at $2.04 and had previously closed at $1.98.
Several research analysts have commented on the stock. Zacks Investment Research raised shares of Lee Enterprises from a “sell” rating to a “hold” rating in a report on Wednesday, July 6th. TheStreet downgraded shares of Lee Enterprises from a “hold” rating to a “sell” rating in a report on Monday, June 6th.
The company has a market capitalization of $112.53 million and a P/E ratio of 2.56. The stock has a 50 day moving average price of $1.96 and a 200-day moving average price of $1.78.
Lee Enterprises (NYSE:LEE) last issued its quarterly earnings data on Thursday, May 5th. The company reported ($0.01) earnings per share for the quarter. The company had revenue of $146.84 million for the quarter, compared to the consensus estimate of $156.56 million. On average, analysts predict that Lee Enterprises Inc. will post $0.40 earnings per share for the current fiscal year.
Lee Enterprises, Incorporated is a provider of local news and information, and a platform for advertising. The Company’s products include approximately 50 daily and approximately 38 Sunday newspapers with print and digital subscribers. The Company offers approximately 300 weekly newspapers, and classified and niche publications.
Get Analysts' Upgrades and Downgrades Daily - Enter your email address below to receive a concise daily summary of analysts' upgrades, downgrades and new coverage with MarketBeat.com's FREE daily email newsletter.