Gannett Co., Inc. (NYSE:GCI - Get Free Report) shares crossed below its 50 day moving average during trading on Monday . The stock has a 50 day moving average of $5.20 and traded as low as $4.86. Gannett shares last traded at $4.96, with a volume of 895,979 shares trading hands.
Analyst Ratings Changes
Separately, Citigroup raised shares of Gannett from a "sell" rating to a "neutral" rating and set a $5.10 price objective on the stock in a report on Tuesday, September 17th.
View Our Latest Research Report on GCI
Gannett Trading Up 0.2 %
The firm has a market capitalization of $731.16 million, a P/E ratio of -6.12 and a beta of 2.55. The business's 50 day moving average is $5.20 and its two-hundred day moving average is $5.08. The company has a quick ratio of 0.74, a current ratio of 0.79 and a debt-to-equity ratio of 3.88.
Institutional Investors Weigh In On Gannett
A number of institutional investors have recently added to or reduced their stakes in GCI. Zurcher Kantonalbank Zurich Cantonalbank bought a new position in Gannett during the third quarter valued at about $45,000. nVerses Capital LLC bought a new stake in shares of Gannett in the 3rd quarter worth approximately $55,000. Dark Forest Capital Management LP acquired a new stake in Gannett during the second quarter valued at approximately $57,000. PEAK6 Investments LLC acquired a new position in Gannett in the third quarter worth approximately $57,000. Finally, Sei Investments Co. bought a new position in shares of Gannett in the second quarter valued at $64,000. 76.71% of the stock is currently owned by institutional investors and hedge funds.
About Gannett
(
Get Free Report)
Gannett Co, Inc operates as a media and marketing solutions company in the United States. It operates through three segments: Domestic Gannett Media, Newsquest, and Digital Marketing Solutions. The company's print offerings includes home delivery on a subscription basis; single copy; non-daily publications, such as shoppers and niche publications.
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