Lee Enterprises Inc. (LEE) Sees Unusually-High Trading Volume
Lee Enterprises Inc. (NYSE:LEE) saw unusually-high trading volume on Monday . Approximately 354,243 shares changed hands during trading, an increase of 78% from the previous session’s volume of 198,968 shares.The stock last traded at $2.60 and had previously closed at $2.55.
LEE has been the subject of a number of research analyst reports. Zacks Investment Research raised shares of Lee Enterprises from a “hold” rating to a “buy” rating and set a $2.25 price objective for the company in a research report on Tuesday, August 9th. TheStreet cut shares of Lee Enterprises from a “hold” rating to a “sell” rating in a research report on Monday, June 6th.
The company’s 50-day moving average is $2.00 and its 200 day moving average is $1.86. The firm has a market capitalization of $133.29 million and a P/E ratio of 2.91.
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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