Lee Enterprises Inc. (LEE) Sees Strong Trading Volume
Lee Enterprises Inc. (NYSE:LEE) shares saw an uptick in trading volume on Thursday . 199,937 shares were traded 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.
A number of research firms have recently weighed in on LEE. 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 downgraded shares of Lee Enterprises from a “hold” rating to a “sell” rating in a research note on Monday, June 6th.
The company has a 50-day moving average of $1.96 and a 200-day moving average of $1.78. The firm has a market cap of $113.65 million and a PE ratio of 2.59.
Lee Enterprises (NYSE:LEE) last announced its quarterly earnings results on Thursday, May 5th. The company reported ($0.01) EPS for the quarter. The company had revenue of $146.84 million for the quarter, compared to analyst estimates of $156.56 million. On average, analysts anticipate that Lee Enterprises Inc. will post $0.40 EPS 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.