Lee Enterprises (NYSE:LEE) Share Price Passes Above 200 Day Moving Average – Should You Sell?

Lee Enterprises, Incorporated (NYSE:LEE)’s share price passed above its 200-day moving average during trading on Thursday . The stock has a 200-day moving average of $11.08 and traded as high as $19.63. Lee Enterprises shares last traded at $16.77, with a volume of 150,393 shares traded.

Wall Street Analysts Forecast Growth

Separately, StockNews.com assumed coverage on shares of Lee Enterprises in a report on Sunday, October 6th. They set a “buy” rating on the stock.

Lee Enterprises Stock 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 stock has a 50-day moving average price of $10.35 and a 200-day moving average price of $11.11. The company has a market capitalization of $102.20 million, a price-to-earnings ratio of -5.52 and a beta of 1.21.

Lee Enterprises (NYSE:LEE) last released its earnings results on Thursday, August 1st. The company reported ($0.73) earnings per share (EPS) for the quarter, missing the consensus estimate 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 company had revenue of $150.58 million for the quarter, compared to analyst estimates of $165.48 million. During the same period last year, the company posted $0.25 earnings per share. As a group, analysts forecast that Lee Enterprises, Incorporated will post -2.02 earnings per share for the current year.

Insider Transactions at Lee Enterprises

In related news, major shareholder Raghav Nath Bahl sold 71,000 shares of the business’s stock in a transaction dated Tuesday, October 15th. The stock was sold at an average price of $15.00, for a total value of $1,065,000.00. Following the completion of the sale, the insider now directly owns 30,205 shares of the company’s stock, valued at $453,075. The trade was a 0.00 % decrease in their position. The sale was disclosed in a filing with the SEC, which is available at the SEC website. Corporate insiders own 11.40% of the company’s stock.

Institutional Investors Weigh In On Lee Enterprises

A hedge fund recently raised its stake in Lee Enterprises stock. Gamco Investors INC. ET AL raised its stake in Lee Enterprises, Incorporated (NYSE:LEE) by 94.8% during the first quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 149,150 shares of the company’s stock after buying an additional 72,600 shares during the period. Gamco Investors INC. ET AL owned about 2.43% of Lee Enterprises worth $1,988,000 at the end of the most recent quarter. 39.20% of the stock is currently owned by institutional investors.

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.