Lee Enterprises Inc. (LEE) Sees Large Volume Increase
Lee Enterprises Inc. (NYSE:LEE) shares saw unusually-high trading volume on Monday . Approximately 354,243 shares traded hands during mid-day trading, an increase of 78% from the previous session’s volume of 198,968 shares.The stock last traded at $2.60 and had previously closed at $2.55.
LEE has been the subject of several recent research reports. Zacks Investment Research raised Lee Enterprises from a “hold” rating to a “buy” rating and set a $2.25 price target for the company in a report on Tuesday, August 9th. TheStreet cut Lee Enterprises from a “hold” rating to a “sell” rating in a report on Monday, June 6th.
The firm has a market capitalization of $136.08 million and a P/E ratio of 2.98. The stock has a 50 day moving average of $1.99 and a 200-day moving average of $1.85.
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.
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