Lee Enterprises Inc. (LEE) Sees Strong Trading Volume
Shares of Lee Enterprises Inc. (NYSE:LEE) saw unusually-strong trading volume on Friday . Approximately 183,143 shares were traded during mid-day trading, an increase of 60% from the previous session’s volume of 114,621 shares.The stock last traded at $2.05 and had previously closed at $1.97.
A number of analysts have recently commented on LEE shares. Zacks Investment Research upgraded shares of Lee Enterprises from a “sell” rating to a “hold” rating in a research note on Wednesday, June 1st. TheStreet lowered shares of Lee Enterprises from a “hold” rating to a “sell” rating in a research note on Monday, June 6th.
The stock’s 50 day moving average is $1.94 and its 200 day moving average is $1.81. The firm has a market capitalization of $111.42 million and a P/E ratio of 2.53.
Lee Enterprises (NYSE:LEE) last released its quarterly earnings data on Thursday, May 5th. The company reported ($0.01) earnings per share for the quarter. The company had revenue of $146.84 million for the quarter, compared to the consensus estimate of $156.56 million. Equities research analysts predict 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.
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