McClatchy Co. (MNI) Sees Unusually-High Trading Volume
McClatchy Co. (NYSE:MNI) shares saw strong trading volume on Thursday . 69,323 shares changed hands during trading, a decline of 9% from the previous session’s volume of 76,321 shares.The stock last traded at $17.77 and had previously closed at $17.47.
Separately, Zacks Investment Research upgraded shares of McClatchy from a “hold” rating to a “strong-buy” rating and set a $16.00 target price for the company in a report on Wednesday, June 29th.
The stock has a 50 day moving average of $14.06 and a 200-day moving average of $11.71. The stock’s market cap is $139.19 million.
McClatchy (NYSE:MNI) last released its quarterly earnings results on Wednesday, April 20th. The company reported ($0.16) earnings per share (EPS) for the quarter, missing the consensus estimate of ($0.15) by $0.01. The business had revenue of $237.80 million for the quarter, compared to analysts’ expectations of $241.79 million. McClatchy’s revenue for the quarter was down 7.5% on a year-over-year basis. On average, equities research analysts anticipate that McClatchy Co. will post ($0.70) EPS 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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