Lee Enterprises Inc. (LEE) Sees Unusually-High Trading Volume
Shares of Lee Enterprises Inc. (NYSE:LEE) saw strong trading volume on Friday . 183,143 shares changed hands during 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 equities research analysts have recently weighed in on the stock. Zacks Investment Research raised shares of Lee Enterprises from a “sell” rating to a “hold” rating in a research note on Wednesday, July 6th. TheStreet lowered 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 $1.94 and a 200-day moving average of $1.81. The firm has a market cap of $111.42 million and a price-to-earnings ratio of 2.53.
Lee Enterprises (NYSE:LEE) last released its quarterly earnings data on Thursday, May 5th. The company reported ($0.01) EPS for the quarter. The business had revenue of $146.84 million for the quarter, compared to analyst estimates of $156.56 million. On average, equities research analysts expect that Lee Enterprises Inc. will post $0.45 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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