DallasNews (NASDAQ:DALN) Trading Down 0.7% – Should You Sell?

DallasNews Co. (NASDAQ:DALN) traded down 0.7% on Friday . The company traded as low as $6.93 and last traded at $7.10. 48,099 shares were traded during mid-day trading, a decline of 5% from the average session volume of 50,683 shares. The stock had previously closed at $7.15.

DallasNews Trading Down 0.7 %

The company has a 50-day moving average of $5.84 and a 200-day moving average of $4.76. The firm has a market capitalization of $38.00 million, a price-to-earnings ratio of -6.34 and a beta of 0.53.

Institutional Trading of DallasNews

An institutional investor recently raised its position in DallasNews stock. Renaissance Technologies LLC increased its holdings in shares of DallasNews Co. (NASDAQ:DALN) by 2.5% during the 2nd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 196,739 shares of the company’s stock after acquiring an additional 4,800 shares during the quarter. Renaissance Technologies LLC owned approximately 3.68% of DallasNews worth $706,000 at the end of the most recent quarter. 27.19% of the stock is currently owned by institutional investors and hedge funds.

About DallasNews

DallasNews Corporation, together with its subsidiaries, publishes and sells newspapers in Texas. The company operates The Dallas Morning News, a newspaper; dallasnews.com a digital platform; The News, a metropolitan newspaper; and Al Dia, an online Spanish-language newspapers. It also offers digital advertising and marketing services, such as strategic marketing services, consulting, branding, paid media strategy and management, creative services, search optimization, direct mail, and sale of promotional materials, as well as provides multi-channel marketing solutions through subscription sales of the company's cloud-based software.