Lee Enterprises (NYSE:LEE) Share Price Crosses Above Two Hundred Day Moving Average – Time to Sell?

Lee Enterprises, Incorporated (NYSE:LEE) crossed above its two hundred day moving average during trading on Monday . The stock has a two hundred 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 trading hands.

Analysts Set New Price Targets

Separately, StockNews.com assumed coverage on Lee Enterprises in a report on Sunday, October 6th. They issued a “buy” rating for the company.

Lee Enterprises Trading Down 4.3 %

The firm has a market cap of $84.16 million, a PE ratio of -6.74 and a beta of 1.21. The company has a 50-day simple moving average of $9.26 and a 200 day simple moving average of $10.90. The company has a current ratio of 0.92, a quick ratio of 0.87 and a debt-to-equity ratio of 69.34.

Lee Enterprises (NYSE:LEE) last announced its quarterly 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). Lee Enterprises had a negative return on equity of 112.98% and a negative net margin of 2.88%. The firm had revenue of $150.58 million for the quarter, compared to analysts’ expectations of $165.48 million. During the same period last year, the company posted $0.25 earnings per share. As a group, sell-side analysts forecast that Lee Enterprises, Incorporated will post -2.02 earnings per share for the current fiscal year.

Institutional Investors Weigh In On Lee Enterprises

An institutional investor recently raised its position in Lee Enterprises stock. Gabelli Funds LLC raised its holdings in Lee Enterprises, Incorporated (NYSE:LEE) by 11.7% during the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 123,441 shares of the company’s stock after purchasing an additional 12,900 shares during the period. Gabelli Funds LLC owned about 2.01% of Lee Enterprises worth $1,371,000 at the end of the most recent quarter. 39.20% of the stock is currently owned by hedge funds and other institutional investors.

Lee Enterprises Company Profile

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.