McClatchy Co. (MNI) Hits New 52-Week High at $19.18
McClatchy Co. (NYSE:MNI)’s share price reached a new 52-week high during trading on Monday . The stock traded as high as $19.18 and last traded at $18.65, with a volume of 82,740 shares changing hands. The stock had previously closed at $17.72.
Separately, Zacks Investment Research cut shares of McClatchy from a “buy” rating to a “hold” rating in a research note on Tuesday, March 29th.
The firm’s 50-day moving average is $15.31 and its 200-day moving average is $12.02. The firm’s market capitalization is $152.56 million.
McClatchy (NYSE:MNI) last posted its quarterly earnings results on Thursday, July 21st. The company reported ($1.89) earnings per share for the quarter, missing the Zacks’ consensus estimate of ($0.54) by $1.35. The business had revenue of $242.20 million for the quarter, compared to analysts’ expectations of $243.10 million. The business’s quarterly revenue was down 7.7% on a year-over-year basis. Equities research analysts expect that McClatchy Co. will post ($0.68) earnings per share for the current 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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