McClatchy Co. (NYSE:MNI)’s share price dropped 6.7% on Thursday . The stock traded as low as $15.32 and last traded at $15.38, with a volume of 51,852 shares trading hands. The stock had previously closed at $16.48.

Separately, Zacks Investment Research raised McClatchy from a “hold” rating to a “strong-buy” rating and set a $16.00 price objective on the stock in a research note on Wednesday, June 29th.

The stock’s market cap is $117.36 million. The firm’s 50-day moving average is $17.84 and its 200-day moving average is $13.54.

McClatchy (NYSE:MNI) last announced its quarterly earnings data on Thursday, July 21st. The company reported ($1.89) earnings per share for the quarter, missing the Thomson Reuters’ consensus estimate of ($0.54) by $1.35. The firm earned $242.20 million during the quarter, compared to analyst estimates of $243.10 million. The firm’s revenue for the quarter was down 7.7% on a year-over-year basis. On average, equities research analysts anticipate that McClatchy Co. will post ($3.45) 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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