DallasNews (NASDAQ:DALN) Shares Up 28.3% – Should You Buy?

DallasNews Co. (NASDAQ:DALN) traded up 28.3% during mid-day trading on Thursday . The company traded as high as $6.91 and last traded at $6.25. 177,116 shares were traded during trading, an increase of 282% from the average session volume of 46,342 shares. The stock had previously closed at $4.87.

DallasNews Stock Up 28.3 %

The firm has a market cap of $33.45 million, a P/E ratio of -5.58 and a beta of 0.64. The firm’s 50-day simple moving average is $5.13 and its 200 day simple moving average is $4.37.

Institutional Investors Weigh In On DallasNews

An institutional investor recently raised its position in DallasNews stock. Renaissance Technologies LLC raised its position in DallasNews Co. (NASDAQ:DALN) by 2.5% during the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 196,739 shares of the company’s stock after buying an additional 4,800 shares during the quarter. Renaissance Technologies LLC owned about 3.68% of DallasNews worth $706,000 at the end of the most recent reporting period. 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.