Lee Enterprises (NYSE:LEE) Stock Price Crosses Above Two Hundred Day Moving Average - What's Next?

Lee Enterprises, Incorporated (NYSE:LEE - Get Free Report)'s share price passed above its 200-day moving average during trading on Monday . The stock has a 200-day moving average of $10.89 and traded as high as $16.02. Lee Enterprises shares last traded at $14.79, with a volume of 32,015 shares traded.

Wall Street Analyst Weigh In

Separately, StockNews.com started coverage on Lee Enterprises in a research report on Sunday, October 6th. They set a "buy" rating on the stock.

Lee Enterprises Price Performance

The company has a debt-to-equity ratio of 69.34, a current ratio of 0.92 and a quick ratio of 0.87. The company's 50-day moving average price is $9.15 and its 200-day moving average price is $10.90. The company has a market cap of $87.97 million, a P/E ratio of -7.37 and a beta of 1.21.

Lee Enterprises (NYSE:LEE - Get Free Report) last released its earnings results on Thursday, August 1st. The company reported ($0.73) earnings per share (EPS) for the quarter, missing analysts' consensus estimates of $0.68 by ($1.41). The firm had revenue of $150.58 million for the quarter, compared to the consensus estimate of $165.48 million. Lee Enterprises had a negative return on equity of 112.98% and a negative net margin of 2.88%. During the same quarter last year, the company posted $0.25 EPS. As a group, sell-side analysts predict that Lee Enterprises, Incorporated will post -2.02 earnings per share for the current fiscal year.

Institutional Inflows and Outflows

A hedge fund recently raised its stake in Lee Enterprises stock. Gabelli Funds LLC grew its stake in Lee Enterprises, Incorporated (NYSE:LEE - Free Report) by 11.7% in the 2nd quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 123,441 shares of the company's stock after acquiring an additional 12,900 shares during the period. Gabelli Funds LLC owned 2.01% of Lee Enterprises worth $1,371,000 at the end of the most recent quarter. Institutional investors and hedge funds own 39.20% of the company's stock.

About Lee Enterprises

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.