Shares of Lee Enterprises, Incorporated (NYSE:LEE - Get Free Report) crossed above its 200-day moving average during trading on Thursday . The stock has a 200-day moving average of $12.64 and traded as high as $14.42. Lee Enterprises shares last traded at $13.02, with a volume of 53,109 shares trading hands.
Analyst Upgrades and Downgrades
Separately, StockNews.com downgraded shares of Lee Enterprises from a "buy" rating to a "hold" rating in a research note on Wednesday, December 18th.
Check Out Our Latest Stock Analysis on Lee Enterprises
Lee Enterprises Price Performance
The business's 50 day moving average is $14.70 and its two-hundred day moving average is $12.69. The firm has a market cap of $82.33 million, a P/E ratio of -3.05 and a beta of 1.09. The company has a quick ratio of 0.80, a current ratio of 0.85 and a debt-to-equity ratio of 69.34.
Hedge Funds Weigh In On Lee Enterprises
A number of hedge funds have recently bought and sold shares of LEE. Truist Financial Corp acquired a new stake in Lee Enterprises in the fourth quarter worth $3,251,000. Wittenberg Investment Management Inc. grew its holdings in shares of Lee Enterprises by 13.7% during the third quarter. Wittenberg Investment Management Inc. now owns 121,755 shares of the company's stock valued at $1,060,000 after buying an additional 14,715 shares during the last quarter. Finally, MassMutual Private Wealth & Trust FSB acquired a new position in shares of Lee Enterprises during the fourth quarter valued at about $214,000. Institutional investors own 39.20% of the company's stock.
Lee Enterprises Company Profile
(
Get Free Report)
Lee Enterprises, Incorporated provides local news and information, and advertising services in the United States. The company offers digital subscription platforms; daily, weekly, and monthly newspapers and niche publications; and web hosting and content management services. It also provides advertising and marketing services, such as audience extension, search engine optimization, search engine marketing, web and mobile production, social media services, and reputation monitoring and management.
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