Lee Enterprises Inc. (LEE) Sees Large Volume Increase
Lee Enterprises Inc. (NYSE:LEE) saw strong trading volume on Friday . 382,796 shares traded hands during mid-day trading, an increase of 44% from the previous session’s volume of 265,922 shares.The stock last traded at $3.25 and had previously closed at $2.94.
Several analysts have commented on the stock. Zacks Investment Research raised shares of Lee Enterprises from a “hold” rating to a “buy” rating and set a $2.25 target price for the company in a research note on Tuesday, August 9th. TheStreet cut shares of Lee Enterprises from a “hold” rating to a “sell” rating in a research note on Monday, June 6th.
The stock has a market capitalization of $179.58 million and a PE ratio of 3.93. The company has a 50 day moving average of $2.29 and a 200-day moving average of $1.98.
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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