Lee Enterprises Inc. (NYSE:LEE) shares dropped 2.2% during mid-day trading on Thursday . The company traded as low as $2.66 and last traded at $2.67, with a volume of 139,671 shares. The stock had previously closed at $2.73.

LEE has been the subject of a number of recent research reports. Zacks Investment Research downgraded shares of Lee Enterprises from a “hold” rating to a “sell” rating in a research note on Tuesday, May 10th. TheStreet cut shares of Lee Enterprises from a “hold” rating to a “sell” rating in a report on Monday, June 6th.

The company has a market cap of $147.79 million and a P/E ratio of 3.23. The firm has a 50 day moving average price of $2.13 and a 200-day moving average price of $1.91.

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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